gst on job work related to textiles

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....st on job work related to textiles<br> Query (Issue) Started By: - pawan agrawal Dated:- 7-8-2017 Last Reply Date:- 8-8-2017 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>There is reduced in GST Rate on job work of Yarn Process related to man made yarn from 18% to 5% on 05-08-2017. whether this change of rate is applicable from 05.08.2017 or from 01.07.2017. Suppose I have received a jo....

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....b work bill on 31.07.2017 of &#8377; 100000 then what gst I have to paid . &#8377; 5000 or &#8377; 18000. B ecause Before 05.08.2017 there is rate of gst on job work charges was 18% and now it is 5%. Reply By KASTURI SETHI: The Reply: Reduced rate of tax cannot be effective retrospectively until or unless it is mentioned in the notification per se specifically. Reply By Rajagopalan Ranganathan:....

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.... The Reply: Sir, The GST council has recommended to reduce the rate of gst on Job work in the textile industry to 5%. At present man made fibres are excluded from the levy at the rate of 5% vide Sl. No. 26 (b) of Notification No. 11/2017-Central Tax (Rate) dated 28.6.2017. This recommendation will come into effect from the date from which this entry is suitable amended by the Government. Till su....

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....ch time the gst rate will be 18%. Reply By raj kumar shukla: The Reply: Following the GST council decision , notification shall be issued by the govt .the effective date would be date of notification unless specifically a date is mentioned in the notification.<br> Discussion Forum - Knowledge Sharing ....