Changes in GST - Decisions taken on Services at 20th GST Council Meeting on 5 August, 2017
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....hanges in GST - Decisions taken on Services at 20th GST Council Meeting on 5 August, 2017 <br>GST<br>Dated:- 6-8-2017<br><BR>Decisions taken on Services at 20th GST Council Meeting on 5 August, 2017 ============= Document 1 Decisions taken in 20th GST Council Meeting Decisions taken on Services at 20th GST Council Meeting on 5 August, 2017 5 August 2017 S. No. Description of service From Î....
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....¤Î¿ 1. Job work services in respect of the textiles and textile products (including 18%/5% MMF yarn, garments, made-ups, etc. falling in Chapters 50 to 63) 5% 2 Services by way of printing of newspapers, books (including Braille books), 18% with full 12% with full journals and periodicals where only content is supplied by the publisher and ITC the physical inputs including paper used fo....
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....r printing belongs to the printer ITC 3 Services by way of printing of newspapers, books (including Braille books), 18% with full 5% with full journals and periodicals using physical inputs owned by others (including an ITC unregistered publisher/supplier) ITC 4 Works contract services provided to Government, local authority or 18% with full 12% with full governmental authority and in res....
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....pect of post-harvest storage infrastructure ITC for agricultural produce, mechanized food grain handling system ITC 5 Margin/commission payable to Fair Price Shop Dealers by Central/ State 18% with full | Nil Governments 6 Admission to planetarium 7 Rent-a-cab service 8 Goods Transport Agency Service (GTA) ITC 28% with full 18% with full ITC ITC Allowed option of 12% GST with full....
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.... ITC. 5% GST with no ITC will also continue Allowed option of 12% GST with full ITC under forward charge. 5% GST with no ITC will also continue. (However, the GTA has to give an option at 1 Decisions taken in 20th GST Council Meeting 9 10 11 12 13 5 August 2017 the beginning of financial year) In case of small house-keeping service providers (plumbers/carpenters) providing services....
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.... through Electronic Commerce Operators (ECO), liability to pay GST placed on ECO Partnership firm or a firm includes LLP ( Limited liability Partnership) for the purposes of levy (including exemption therefrom) of GST on legal services. To clarify that legal services (including representational services) provided by an individual advocate or a senior advocate or a firm of advocates (including....
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.... LLP) provided to a business entity in taxable territory are covered under reverse charge mechanism Goods required by FIFA and Services provided by and to FIFA and its subsidiaries in connection with FIFA U- 17 World Cup to be hosted in India in 2017 shall be exempted from GST New crop insurance schemes Pradhan Mantri Fasal Bima Yojana (PMFBY) introduced from Kharif 2016- 17 in place of Natio....
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....nal Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS), and Restructured Weather Based Crop Insurance Scheme (RWCIS) introduced in place of Weather Based Crop Insurance Schemes, shall be extended exemption from GST. 2<BR> News - Press release - PIB....




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