Legal Update

GST : to migrate from a complicated and multi tax system to a simpler tax system

GST : to migrate from a complicated and multi tax system to a simpler tax system  The tax rates on goods and services have been fixed taking into consideration, inter alia, the total indirect tax incidence in pre- GST regime, including cascading of taxes. The GST rates so notified are lower than the pre-GST tax… Read More

GST rates on items of mass consumption are lower than the pre-GST tax incidence

GST rates so notified are lower than the pre-GST tax incidence on most of the items of mass consumption such as cereals, pulses, milk, tea, vegetable edible oils, sugar, toothpaste, hair oil, soap, footwear, Childrens' picture, drawing or colouring books, etc.  The GST rates on supply of goods and services have been notified based on… Read More

Govt. clarifies applicability of GST on accommodation in any hotel

Government clarifies that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less than INR 7500 per unit per day, will attract GST @ 18% ; Star rating of hotels is, therefore, irrelevant for determining the applicable rate of GST.  Reports have been received expressing doubts whether… Read More

GST exemption for products used by differently abled people

GST exemption for products used by differently abled people  Specified assistive devices, rehabilitation aids and other goods for differently abled people attract the lowest (non-Nil) GST rate of 5%. Most of the inputs for such goods attract 18% GST. Nil GST on any goods zero rates inputs, while domestic goods continue to bear input taxes.… Read More

Central Govt. amends NOT. No. 1/2017-Compensation Cess (Rate) dt. 28th June, 2017

Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 1/2017-Compensation Cess (Rate), dated the 28th June, 2017. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 18th July, 2017 No. 3/2017-Compensation Cess (Rate)… Read More

Customs Board examines operational problems faced by EOU under GST regime

Circular No. 29/2017-Customs F. No. DGEP/EOU/GST/16/2017 Government of India Department of Revenue Central Board of Excise & Customs Directorate General of Export Promotion   New Delhi, 17th July, 2017 To Principal Chief Commissioners/Principal Directors General, Chief Commissioners/Directors General, Principal Commissioners/Commissioners, All under CBEC. Madam/Sir,   Sub: Operational problems being faced by EOU in GST regime… Read More

Increase in the Compensation Cess rate on cigarettes :PIB

Increase in the Compensation Cess rate on cigarettes to make the total tax incidence on cigarettes in GST regime at par with the total tax incidence in pre-GST regime.               In pursuance of the recommendations of the GST Council in its 14th Meeting held on 18.05.2017 and 19.05.2017, the Compensation Cess… Read More

GST applicable to second hand good on Margin Scheme basis

Position regarding applicability of the Margin Scheme under GST for dealers in second hand goods in general and for dealers in old and used empty bottles in particular.  Doubts have been raised regarding the applicability of the Margin Scheme under GST for dealers in second hand goods in general and for dealers in old and… Read More

Registration under GST regime: Traders to register by 30th July 2017

Provisions related to registration under GST regime; Traders are requested to register now without waiting for the last date i.e. 30th July, 2017.  As per the GST laws, one is required to take registration on or before 30thJuly, 2017. All traders are requested to register now without waiting for the last date. If one is carrying-out… Read More

Legal Services provided by Advocates to attract tax on reverse charge mechanism

Position regarding applicability of GST on Legal Services provided by individual Advocates including Senior Advocates and a Firm of Advocates.  There are points being raised about the applicability of GST on legal services provided by advocates – whether it is in forward charge or reverse charge. It may be mentioned that there is no change made… Read More

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