Clarifications regarding GST in respect of certain services

Taxability of certificates under GST clarified: tradable certificates attract GST and are classifiable with input credit implications.

Classification of composite supplies under GST depends on the principal supply determined by facts and circumstances. Bus body building may be goods or services based on the principal element. Retreading of tyres is predominantly a service, though sale of retreaded tyres where the supplier provides the old tyre constitutes supply of goods. Trading instruments such as PSLCs and similar certificates are classifiable and taxable under specified headings and rates with GST credit available. Transmission or distribution of electricity by utilities is exempt, while ancillary DISCOM charges are taxable; government guarantee services to businesses are taxable.