Daily Archives: July 28, 2018

Changes in GST on Old Age Home from 27.07.2018 Notification : GST News 410

By | July 28, 2018

GST on Old Age Home Exempt supply of services by an old age home run by State / Central Government or by a body registered under 12AA of Income Tax Act to its residents (aged 60 years or more) against consideration upto Rupees 25000/- per month per member provided consideration is inclusive of charges for… Read More »

New GST News 28.07.18

By | July 28, 2018

New GST News 28.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News [Video] Changes in GST on Hotels & Catering Services from 27.07.2018 [Video] GST on Direct Selling Agents Services to Banks/ NBFC from 27.07.2018 : Notification GST News 407 [Video] GST Rates reduced on Bamboo flooring from 27.07.2018 Notifications… Read More »

Category: GST

[Video] Changes in GST on Hotels & Catering Services from 27.07.2018

By | July 28, 2018

Changes in GST on Hotels & Catering Services Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English)  explaining Changes in GST on Hotels & Catering Services Hotel industry has been given major relief by providing that the rate of GST on accommodation service shall be based on transaction value instead of declared… Read More »

Notification No 2/2018 Compensation Cess (Rate) : Fuel Cell Motor Vehicles and Coal rejects

By | July 28, 2018

Notification No 2/2018 Compensation Cess (Rate) Seeks to amend Notification No. 1/2017 -Compensation Cess (Rate) dated 28.06.2017 togive effect to the recommendations of the GST Council in it’s 28th meeting held on 21.07.2018 Read Notification No 2/2018 Compensation Cess (Rate) [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]… Read More »

Pay GST on transportation charges even if transporter isn’t a GTA: Maharashtra AAR

By | July 28, 2018

Question: “Whether transportation charges received by the applicant are liable to GST, especially when the applicant is not a goods transport agency (GTA)”? Answer: Answered in the affirmative and same is liable to tax as a works contract as per provisions of section 2(119) of the GST Act, AUTHORITY FOR ADVANCE RULINGS, MAHARASHTRA Dinesh Kumar Agrawal, In re… Read More »

No deduction allowed for Rate difference from Transaction value under GST : MAHARASHTRA AAR

By | July 28, 2018

GST on Discounts given after supply The applicant pays GST on the full value of invoice raised by them on the authorised dealers/stockists at the time of original supply of goods to the said authorised dealers/stockists. However, by issuance of credit note for rate difference, the sale price of goods sold by the applicant to the authorised… Read More »