Extension of last date for submission of feedback on Harmonization of GST Rate Schedule on Services and the Classification of Services adopted for GST

Extension of last date for submission of feedback on Harmonization of GST Rate Schedule on Services and the Classification of Services adopted for GST https://www.taxtmi.com/news?id=27258 The draft harmonizes the GST rate schedule on services by aligning a six digit service classification with specified central tax rates and standardized conditional rules; it prescribes detailed treatment for construction and real estate supplies (including formulae in annexures for computing input tax credit allocations between residential and commercial portions), mandates sourcing thresholds from registered suppliers with reverse charge consequences for shortfalls, and preserves option mechanisms and procedural forms for promoters and goods transport agencies; stakeholder feedback is invited and the submission deadline is extended to 16 February 2024. en-us Mon, 05 Feb 2024 18:45:57 +0530 Wed, 11 Feb 2026 15:59:51 +0530 TaxTMI RSS Generator Extension of last date for submission of feedback on Harmonization of GST Rate Schedule on Services and the Classification of Services adopted for GST https://www.taxtmi.com/news?id=27258 The draft harmonizes the GST rate schedule on services by aligning a six digit service classification with specified central tax rates and standardized conditional rules; it prescribes detailed treatment for construction and real estate supplies (including formulae in annexures for computing input tax credit allocations between residential and commercial portions), mandates sourcing thresholds from registered suppliers with reverse charge consequences for shortfalls, and preserves option mechanisms and procedural forms for promoters and goods transport agencies; stakeholder feedback is invited and the submission deadline is extended to 16 February 2024. News - Mon, 05 Feb 2024 18:45:57 +0530 https://www.taxtmi.com/news?id=27258