In this article, we will discuss tax-ability of Charitable and religious trusts under GST regime. Under the GST regime, the provisions relating to taxation on activities of NGOs, charitable and religious trusts have been taken from the service tax provisions. The Notification No.12/2017-Central Tax of 28th June 2017, exempts services provided by an entity registered […]
List Of Services With 12 Percent GST Rate
List of all services falling under the slab of 12 percent GST rate are as follows: List Of Services With 12 Percent GST Rate 1. Supply of food/drinks in restaurants not having a license to serve liquor and with no air-conditioning or central heating facility at any time during the year. Rate: 12%. 2. Accommodation […]
Important Things To Know About GST E Way Bill
GST E Way Bill is an electronic document generated on GSTN Portal for the purpose of movement of goods by any GST registered person. Every registered/unregistered person who intends the movement of goods of consignment exceeding the value of Rs. 50,000/- shall issue a GST E Way Bill from GSTN Portal. This E Way Bill […]
Key Decisions Made In 21st GST Council Meeting On 9 Sep 2017
21st GST Council meeting was held in Hyderabad on 9th September 2017. It was headed by our Finance Minister, Mr. Arun Jaitley. In this article, we will discuss the key decisions made at this meeting. Key Decisions Made in 21st GST Council Meeting 1. Dates Extension of GST Return Filing The actual dates for filing […]
List of Services With 5 Percent GST Rate
List of all services falling under the slab of 5 percent GST rate are as follows: List of Services With 5 Percent GST Rate 1. Transport of passengers by rail in first class or air-conditioned coaches 5% with ITC of input services. 2. Transport of passengers, by- (a) air conditioned contract carriage other than the […]