Tag: GST Rates
As recommended by GST Council, new CGST Rule 95A has been inserted for refund to retail outlets in departure area of International Airports for taxes paid on inward supplies …
GST Council has tweeted that the Time Limit for Builders to Choose GST Rate has been extended from 10 May 2019 to 20 May 2019 and that CBIC will …
CBIC has issued clarifications regarding exercise of option to pay tax @3% based on Notification No. 2/2019 Central Tax Rate dt. 7 March 2019, by taxpayers under composition, etc., …
CBIC has issued various Tax Rate Notifications under CGST/ IGST/ UTGST to implement reduction in GST Rates for Real Estate/ Housing Sector applicable from 1 April 2019, in line …
GST Council in its 34th Meeting (dt. 19 March 2019) has finalised the operational modalities for implementation/ transition of recommendations made in its 33rd Meeting (dt. 24 Feb. 2019), i.e. …
CBIC notifies an 'OPTIONAL' composition scheme for suppliers of 'SERVICES' or 'MIXED SUPPLIES' having annual turn over of upto Rs 50 lacs in the preceding financial year, with a …
To provide relief to the home buyers and to boost the housing sector, GST Council in its 33rd meeting (dt. 24 Feb. 2019) has made key recommendations by way …
CBIC has amended Notification No. 8/2017 (Central Tax) dt. 27 June 2017 to align/ prescribe the applicable tax rates for Composition Scheme as provided in Rule 7 of the …
The GST Council in its 31st Meeting (dt. 22 Dec. 2018) held at New Delhi has recommended to rationalise the 28% tax rate slab by reducing rates for various items. Further, …
CBIC has issued a Press Release to clarify certain issues relating to Applicable Output GST Rates, Input Tax Credit (ITC) and Effective Tax Rate on Construction of Property, like …
