Posts Tagged ‘GST’

7th Pay Commission: Will government raise minimum pay?

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7th Pay Commission: Will government raise minimum pay?

The pay rise, the finance ministry says, should take place in January, and would mean a pay rise for 4.8 million central government employees and 5.5 million pensioners. If the government decides to implement the rise, which it may do after the completion of Gujarat and Himachal Pradesh assemblies poll process, it would be the second successive pay hike, and would bring the real value of the minimum pay back in line.

A top Finance Ministry official, who did not wish to be named, indicated the government will be taking the proposal seriously, but cannot implement the pay rise now, it will be decided after the Gujarat and Himachal Pradesh assemblies elections.

This would represent minimum pay rise of Rs 21,000 for central government employees. If this recommendation were accepted, the value of the minimum pay would be higher than the recommendations of the 7th Pay Commission of Rs 18,000 and the government is now making good progress towards restoring the value it lost during the previous period of its cabinet nod, he said.

The National Anomaly Committee (NAC), which has been formed to look into pay anomalies arising out of the implementation of the 7th Pay Commission’s recommendations, has to strike a delicate balance between what is fair for employees and what is affordable for the government, without costing jobs. It does so impartially and without political interference. It is important that it is able to complete to do its work before Gujarat and Himachal Pradesh elections, he added.

A rise in the minimum pay would be a good political move for the BJP, as it would bolster their argument on the cost of living debate for benefit poor and middle class, where Congress said that Modi government gave India achhe din with a broken GST and failed note ban.

Prime Minister Narendra Modi has killed the country’s economy by firing “double tap” shots of note ban and GST into it, Congress vice president Rahul Gandhi said.

The economic experts are also worried about the GST and note ban’s effect on exchequer. If such a situation is not chaos, then how is government going to implement minimum pay Rs 21,000?

But the official has said that it is possible for the minimum pay to jump up to Rs 21,000 with fitment factor 3.00 to reap political gains for BJP in future, but such a rise is less likely now the the central government employees unions’ demanding for hiking minimum to Rs 26,000 with fitment factor 3.68. If fitment formula is tinkered with 3.00, the salary and pension in general for all segments of employees will go up.

Earlier, the government had given nod minimum pay from Rs 7,000 to Rs 18,000 per month with fitment factor 2.57 on the recommendations of the 7th pay commission. Finance Minister Arun Jaitley had also promised to raise minimum pay in a meeting with the central government employees’ unions leaders on June 30, 2016, the day after the cabinet approval of the 7th Pay Commission’s recommendations.

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Be the first to comment - What do you think?  Posted by admin - October 30, 2017 at 9:49 pm

Categories: 7CPC   Tags: , , , , ,

CSD: Volkswagen Car CSD Price list with effect from September 2017

CSD: Volkswagen Car CSD Price list with effect from September 2017

Wolkswagen-Car-CSD-Price-List-2017

Volkswagen Car CSD Rates – Post GST Price for Polo, Vento and Ameo

Volkswagen Car CSD Price list with effect from September 2017 has been published in CSD Official Website. The Canteen Stores Department has released the revised list of CSD rates for all the Polo, Vento and Ameo available in CSD after the GST is come into effect,. The Price of the Cars should be checked with the respective Dealers for buying selected Cars. These Four-Wheelers CSD Price list revised after the implementation of GST.

 

These rates will vary by Rs. 10,000/- (approximately) at various places across the country due to transportation charges, transit insurance charges etc. incurred by Car Companies.

 

The CSD Price List for Volkswagen Car are given below :

Volkswagen Car CSD Price List for Polo, Vento and Ameo

Sr No. Index Nomenclature Depot Selling Price (Rs.) Depot
M/s Volkswagen Group Sales India Pvt. Ltd.
1 64302-I Volkswagen Polo 1.2 L (Petrol) Trendline( M) 4,82,042 DELHI
2 64250-K Volkswagen Polo 1.2L (Petrol) Comfortline (M) 5,41,883 DELHI
3 64251-X Volkswagen Polo 1.2L (Petrol) Highline 6,12,276 DELHI
4 64249-T Volkswagen Polo 1.2L (petrol) GT Tsi Automatic 8,13,545 DELHI
5 64253-D Volkswagen Polo 1.5L (Diesel) Comfortline (M) 6,95,635 DELHI
6 64254-E Volkswagen Polo 1.5L (Diesel) Highline 7,48,448 DELHI
7 64261-L Volkswagen Polo 1.6L( Petrol) Highline
8 64266-L Volkswagen AMEO 1.2 L( Petrol) Trendline(M) 4,94,645 DELHI
9 64262-X Volkswagen AMEO 1.2 L( Petrol) Comfortline(M) 5,42,993 DELHI
10 64267-P Volkswagen AMEO 1.2 L ( Petrol) Highline 6,33,423 DELHI
11 64301-H Volkswagen Ameo 1.5L(Diesel) Comfortline(M) 6,99,834 DELHI
12 64727-E Volkswagen Ameo 1.5L(Diesel) Comfortline Automatic(M) 8,16,885 DELHI
13 64255-L Volkswagen Ameo 1.5L(Diesel) Highline 7,45,757 DELHI
14 64271-T Volkswagen Ameo 1.5L(Diesel) Highline Automatic 8,80,569 DELHI
15 64258-I Volkswagen Vento 1.6L (Petrol) Comfortline (M) 8,00,392 DELHI
16 64263-A Volkswagen Vento 1.2 L (Petrol) Comfortline AT 9,25,898 DELHI
17 64264-D Volkswagen Vento 1.6L(Petrol) Highline MT 8,71,996 DELHI
18 64270-S Volkswagen Vento 1.6 L(Petrol )HL Plus MT 9,65,274 DELHI
19 64268-H Volkswagen Vento 1.2 L (Petrol) Tsi HL Automatic 10,12,72 DELHI
20 64257-H Volkswagen Vento HL 1.2 L(Petrol) Tsi Plus Petrol ( AT) 11,05,636 DELHI
21 64252-A Volkswagen Vento 1.5L(Diesel) Comfortline(M) 9,42,018 DELHI
22 64303-S Volkswagen Vento 1.5L(Diesel) Comfortline AT 10,51,350 DELHI
23 64269-I Volkswagen Vento 1.5L(Diesel) Highline 10,21,166 DELHI
24 64272-K Volkswagen Vento 1.5 L( Diesel) HL Plus MT 11,14,261 DELHI
25 64265-E Volkswagen Vento 1.5L (Diesel) Highline AT 11,35,026 DELHI
26 64256-P Volkswagen Vento 1.5 L( Diesel) HL Plus AT 12,28,122 DELHI

 

The Volkswagen Polo, Vento and Ameo Car CSD prices are prior to increase in Cess as notified by GST Council on 09 September 2017.

Be the first to comment - What do you think?  Posted by admin - October 8, 2017 at 9:14 pm

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GST: Clarification about Transition Credit

Clarification about Transition Credit

There are lot of speculations in the media about the credit of Rs. 65,000 crore claimed by taxpayers in respect of Central Excise and Service Tax in the pre-GST period. Some people are under the impression that because of Rs. 65,000 crore claimed as transition credit, the income of Government this month has plummeted.

Firstly, Rs. 65,000 crore is the credit claimed by the taxpayers in the TRANS 1 form as their balance of credit. It does not mean that they would have used all of this credit for payment of their output tax liability for the month of July 2017.

It may be clarified that this is far from the truth. Secondly, it may be clarified that an amount of Rs. 95,000 crore, which was received in the month of August 2017 for GST, is the amount actually paid in cash other than availing credit.

Thirdly, this figure of transition credit claimed is also not incredibly high, since Rs.1.27 lakh crore of credit of Central Excise and Service Tax was lying as closing balance as on 30th June, 2017 as per department’s record. This includes credit in Central Excise as well as Service Tax. Of course, some of these credits may not be admissible under GST regime, for example the credits, which are blocked under Section 17 (5) of CGST Act or which are not covered under the definition of GST. Also, some of the credits, which are claimed in TRANS 1 form may be under litigation and, therefore, it may not be available to the assesse to carry forward or utilisation. It is from this angle that CBEC is examining the transition credits, which are claimed by the assessees in TRANS I form in certain cases.

It is possible that some assessees would have committed mistake in filing TRANS 1 form of admissible credit. It has, therefore, been decided to provide facility for revision of TRANS 1 by the GST Council. This facility would be available by middle of October 2017 and assessees are requested to revise their TRANS 1 form before 31st October, 2017, so that they themselves can remove the error.

PIB

Be the first to comment - What do you think?  Posted by admin - September 22, 2017 at 4:41 pm

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Finmin to initiate Budget exercise next week

Finmin to initiate Budget exercise next week

Work on India’s first post-GST Union Budget 2018-19 will start next week with the finance ministry issuing timelines for different processes that will culminate with its presentation in February.
Finance Minister Arun Jaitley arrived at the parliament on Wednesday for Budget.

It may also be the current government’s last full-fledged Budget as general elections are due in 2019.

Even though independent India’s biggest tax reform of GST was implemented from July 1, the Budget for 2017-18 (April- March), had followed the practice of tax revenue projections under the heads of customs duty, central excise and service tax alongside direct tax numbers.

With excise duty and service tax being subsumed in the Goods and Services Tax (GST), the classifications will undergo change, an official said.

While a new classification for revenues to be accrued from GST will be included in the Budget for next fiscal, for the current year two sets of accounting may be presented – one for actual accruals during April-June for excise, customs and service tax, and the other for July-March period for GST and customs duty.

The official said that since the GST rates are decided by a GST Council, headed by Union Finance Minister and comprising of representatives of all states, the Budget for 2018-19 will not have any tax proposals concerning excise and service tax levies.

Only proposals for changes in direct taxes – both personal income tax and corporate tax, besides customs duty – are likely to be presented in the Budget along with new schemes and programmes of the government.

This will be Finance Minister Arun Jaitley’s 5th Budget in a row.

It would also be the last full Budget of the BJP-led NDA government before the 2019 General Elections. As per practice a vote-on-account or approval for essential government spending for a limited period is taken in the election year and a full-fledged budget presented by the new government.

While P Chidambaram had presented the previous UPA government’s vote-on-account in February 2014, Jaitley had presented a full budget in July that year.

The official said the finance ministry will next week issue the Budget circular and start consultations with other ministries from October for Revised Estimates (RE) of expenditure for the current fiscal.

The Budget Circular contains the timelines for submission of information of budget requirements to the Ministry of Finance along with prescribed formats.

The ministries will have to provide the actual money spent in 2016-17 along with the budget estimates and Revised Estimates for current fiscal.

Along with this, they have to give the Budget they are expecting for 2018-19 as well, the official added.

Scrapping a colonial-era tradition of presenting the Budget at the end of February, Jaitley had for the first time presented the annual accounts on February 1, 2017.

With the preponement of Budget, ministries are now allocated their budgeted funds from the start of the financial year beginning April.

This gives government departments more leeway to spend as well as allow companies time to adapt to business and taxation plans.

Previously, when the Budget was presented at the end of February, the three-stage Parliament approval process used to get completed some time in mid-May, weeks ahead of onset of monsoon rains.

This meant government departments would start spending on projects only from August-end or September, after the monsoon season ended.

Besides advancing the presentation date, the Budget scrapped the Plan and non-Plan distinction and merged the Railway Budget with it, ending a nearly century-long practice.
PTI

Be the first to comment - What do you think?  Posted by admin - September 10, 2017 at 10:17 pm

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GST: Cabinet approves promulgation of the Goods and Services Tax (Compensation to States) Ordinance, 2017

GST: Cabinet approves promulgation of the Goods and Services Tax (Compensation to States) Ordinance, 2017

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the proposal of the Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017.

The approval would allow to increase the maximum rate at which the Compensation Cess can be levied from 15% to 25% on:

a) motor vehicles for transport of not more than thirteen persons, including the driver [falling under sub-headings 870210, 8702 20, 8702 30 or 8702 90]; and

b) motor vehicles falling under headings 8703.

The GST Council, in its meeting held in August 2017, taking into consideration the fact that post introduction of GST, the total incidence on motor vehicles [GST+ Compensation Cess] has come down vis-a-vis pre-GST total tax, incidence, and had recommended increase in the maximum rate at which Compensation Cess can be levied on motor vehicles falling under headings 8702 and 8703 from 15% to 25%.

The issue regarding the increase in effective rate of Compensation Cess on motor vehicles will be examined by the GST Council in due course.

PIB

Be the first to comment - What do you think?  Posted by admin - August 30, 2017 at 4:41 pm

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Implementation of GST in Defence Sector

Implementation of GST in Defence Sector

Controller General of Defence Accounts
Ulan Batar Road, Palam
Delhi Cantt

No. GST Cell/9504/GST/Query                                           

16th August 2017

To,
Commodore Sanjay Vatsayan
PDNP, IHQ MoD (Navy)
New Delhi

Sub: Implementation of GST in Defence Sector

This has reference to letter No.PL/3109/FP5 dated 9th Aug 2017 regarding clarification on GST registration number.

2. In this regard, it is intimated that Section 51 & 52 of GST Act, 2017 (uploaded on CGDA website) has been kept in abeyance by the Ministry of Finance, GoI. Hence, DDOs registration number i.e, GSTIN of PCsDA/CsDA is not required for processing of third party bills, as an interim arrangement, till Section 51 & 52 of GST Act is notified.

3. This issues with the approval of Addl. CGDA (US).

ACGDA (GST)

Be the first to comment - What do you think?  Posted by admin - August 19, 2017 at 1:32 pm

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CSD Car Prices will be Consistent Across the Country

CSD Car Prices will be Consistent Across the Country
GST Impact on Automobile Sale
Sale Automobiles at CSD

Consequent to implementation of GST the impact on sale of vehicles to CSD customers is as follows :-

Rates of Four Wheelers to CSD eligible customers will be CONSISTENT across the country. A slight variation may occur on account of varying freight and transit insurance charges of the companies.

Across India the customers will benefit in terms of price differential.

Eligible CSD Customers shall only be levied 50% of GST and will NOT be involved in claiming refunds.

The dealership across the country for all auto manufacturers have been expanded. All rates will be finalized by 31 Aug 2017.

Authority: www.csdindia.gov.in

Be the first to comment - What do you think?  Posted by admin - August 9, 2017 at 11:39 am

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GST Impact on Automobile Sale to CSD Customers

GST Impact on Automobile Sale to CSD Customers

Sale Automobiles at CSD

Consequent to implementation of GST the impact on sale of vehicles to CSD customers is as follows :

  • Rates of Four Wheelers to CSD eligible customers will be CONSISTENT across the country. A slight variation may occur on account of varying freight and transit insurance charges of the companies.
  • Across India the customers will benefit in terms of price differential.
    Eligible CSD Customers shall only be levied 50% of GST and will NOT be involved in claiming refunds
  • The dealership across the country for all auto manufacturers have been expanded. All rates will be finalized by 31 Aug 2017

Be the first to comment - What do you think?  Posted by admin - August 8, 2017 at 1:52 pm

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GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles Falling Under Headings 8702 and 8703 to 25% Instead of Present 15%

GST Council Recommends Increase in Maximum Ceiling of Cess Leviable on Motor Vehicles Falling Under Headings 8702 and 8703 to 25% Instead of Present 15%

The GST Council considered the issue of cess leviable on motor vehicles in its 20th meeting held on the 5th of August 2017 and recommended that Central Government may move legislative amendments required for increase the maximum ceiling of cess leviable on motor vehicles falling under headings 8702 and 8703 including SUVs, to 25% instead of present 15% . However, the decision on when to raise the actual cess leviable on the same will be taken by the GST Council in due course.

It was noted that after introduction of GST, the total tax incidence on motor vehicles [GST + Compensation Cess] has come down vis-a-vis the total tax incidence in pre-GST regime. The Schedule to the Goods and Service Tax (GST) (Compensation to State) Act 2017, specifies the maximum rate at which Goods and Service Tax Compensation Cess may be collected. In respect of motor vehicles, the maximum rate at which Goods and Service Tax Compensation Cess may be collected is 15%.

PIB

Be the first to comment - What do you think?  Posted by admin - August 7, 2017 at 4:34 pm

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Publishing in Web page of Department of Posts the New rates of Tariff on Introduction of GST

GST rate for Speed Post, Express Parcel Post and Agency Services (WUMT) is at the rate of 18% with effect from 1st July 2017.

Department of Posts the New rates of Tariff on Introduction of GST

Government of India
Ministry of Communications
Department of Post, Dak Bhawan
New Delhi-110001

No.PA / Book-I/6-7/GST /2016-1793

Dated: 24.07.2017

To,

The General Manager, CEPT,
Nazarbad,
Mysore, 570010,
Karnataka Circle.

Sub: – Publishing in Web page of Department of Posts the New rates of Tariff on Introduction of GST-reg.

On introduction of GST with effect from 1st July 2017, the following information is required to be published in Web page of India post. Necessary action may be taken for publishing the information in Web page of India Post.

In respect of PLI/ RPM products with effect from 1st July 2017, First Year Premium @ 4.50% and Subsequent Year premium (Second Year onwards) @ 2.25%”.

2. The Full fledged Call Centre (1924) in operation in Dak Bhawan and the same has been provided with the FAQs and suggested answers on GST. The Services of the Call Centre (1924) may also be used for GST queries by the public.

Gp.Capt. Anil Kumar Gupta
Director (Accounts)

 

Be the first to comment - What do you think?  Posted by admin - August 2, 2017 at 3:05 pm

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CLARIFICATION ON ISSUED ‘SOPs’ TO ALL COMPANIES SUPPLYING GOODS, CARS, TWO WHEELERS IN IMPLEMENTATION OF GST

CSD: Clarification on issued SOPs to all companies supplying Goods, Cars, Two Wheelers

GOVERNMENT OF INDIA
MINISTRY OF DEFENCE
CANTEEN STORES DEPARTMENT

DELHI, 119, M.K. ROAD,
MUMBAI – 400 020

Website: www.csdinida.com
Email: dgmfa@csdindia.com

Fax: 022-2208 3324
Tel: 022-2208 3325

Ref No.6/F&A/C&C/630

26 July 2017

All the Companies (Supplying Goods, Cars, Two Wheelers and etc., to CSD)
All CSD Depots

CLARIFICATION ON ISSUED ‘SOPs’ TO ALL COMPANIES SUPPLYING GOODS, CARS, TWO WHEELERS IN IMPLEMENTATION OF GST

1. Please refer this office letter No.6/F&A/C&C/556 dated 20 July 2017.

2. It is once again clarified that only 50% of GST rates will be charged to URCs and authorized customers on purchase of other than AFD items and AFD items respectively. Though 50% refund mechanism is time consuming, CSD will take the responsibility of getting the same without charging URCs and end customers. This initiative has been taken by CSD to avoid timelags of benefit of 50% of GST rate to the authorized customers of URCs. However, cess will be levied totally in case of aerated drinks (Pepsi, Coco-cola etc) and cars at the applicable rates since no exemption has been granted towards cess.

3. All the Depot Managers are to educate the URCs and the end customers in case of AFD purchases on the above issue.

sd/-
(R.Purandar)
Wg Cdr
DGM(F&A)

Authority: www.csdindia.gov.in

Be the first to comment - What do you think?  Posted by admin - July 31, 2017 at 11:43 am

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Government clarifies that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less than INR 7500 per unit per day, will attract GST @ 18%

Government clarifies that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less than INR 7500 per unit per day, will attract GST @ 18% ; Star rating of hotels is, therefore, irrelevant for determining the applicable rate of GST.

Reports have been received expressing doubts whether 5-star Hotels are liable to pay GST @ 28% irrespective of the declared tariff of a unit of accommodation.

In this context, it is hereby clarified that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less than INR 7500 per unit per day, will attract GST @ 18%. Star rating of hotels is, therefore, irrelevant for determining the applicable rate of GST.

PIB

Be the first to comment - What do you think?  Posted by admin - July 18, 2017 at 5:34 pm

Categories: GST   Tags: , , ,

Applicability of Goods and Service Tax (GST) on Catering Services

IRCTC News : GST on Catering Services

Applicability of Goods and Service Tax (GST) on Catering Services

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)

No.2012/TG.III/631/2

New Delhi dated 29.06.2017

The General Managers
All Indian Railways

The CMD/IRCTC
New Delhi

CMD/KRCL,
Navi Mumbai

(Commercial Circular No.44 of 2017)

Sub: Applicability of Goods and Service Tax (GST) on Catering Services

The issue of implementation of Goods and Service Tax (GST) on Catering Services on Indian Railways has been examined in consultation of Finance Commercial Dte. of Railway Board. Accordingly, following are advised:-

1. The chargeable GST on catering services on railways is as under:-

(i) For static units not having facility of air conditioning or central heating at any time during the year- 12% with full Input Tax Credit (ITC)

(ii) For static units having facility of air conditioning or central heating at any time during the year-18% with full Input Tax Credit (ITC)

(iii) For Rajdhani/Shatabdi/Duronto and other Mail/Express trains -18% with full Input Tax Credit (ITC)

2. The above GST on catering charges is applicable w.e.f 01.07.2017.

3. The revised catering apportionment charges for Rajdhani/Shatabdi/Duronto trains and other similar type of Rajdhani trains where catering charges are inbuilt in ticket fare are as under:-

GST-RAILWAY-CATERING-SERVICE

4. In case of Rajdhani/Shatabdi/Duronto type trains where catering charges are part of the ticket fare, amount of GST is to be reimbursed to the service providers on submission of proof of deposit of the same with the appropriate Government Authority. However, in case of Mail/Express trains and other static units where catering services are provided on payment basis and the above taxes are collected directly from the passengers through cash memo, money receipts etc., Zonal railways /IRCTC shall ensure that the GST collect from the passenger are deposited with the concerned Authorities as per the guidelines /procedures laid down by the M/o Finance. To ensure the same zonal railways shall also obtain monthly proof of compliance of tax deposit by the service provides as per laid down procedures.

5. In case of other mail/express trains and static unit, the GST amount shall not be rounded off. In case of showing separate GST amount for CGST and SGST/UTGST in that case also GST amount shall be separately mentioned upto two decimal place. As regard rounding off of chargeable amount, after levy of GST on the total amount it shall be rounded off to the nearest rupee.

6. In addition to the above, GST on catering services of other premium trains like Tejas, Gatiman, Shivalik etc. shall be levied @ 18%. Accordingly, necessary changes in the catering apportionment charges shall be advised by the Zonal Railways to CRIS.

This issue with the concurrence of Finance Dte. of Railway Board.

Please acknowledge receipt of this letter.

sd/-
(Smita Rawat)
Exe. Director (T&C)
Railway Board

Click Here to view the original order

Authority : www.indianrailways.gov.in

Be the first to comment - What do you think?  Posted by admin - July 16, 2017 at 6:01 pm

Categories: GST, Railways   Tags: , , , , , ,

No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation

No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation;
Services provided by an educational institution to students, faculty and staff are fully exempt from GST.

There are some reports that GST@18% will be levied on annual subscription/fees charged for lodging in hostels. This is not true. There is no change in tax liability relating to education and related services in the GST era, except reduction in tax rate on certain items of education.

It may be mentioned that services provided by an educational institution to students, faculty and staff are fully exempt. Educational institution has been defined as an institution imparting

(i) pre-school education and education up to higher secondary school or equivalent;

(ii) education as a part of a curriculum for obtaining a qualification recognised by any law for the time being in force;

(iii) education as a part of an approved vocational education course.

Thus, services of lodging/boarding in hostels provided by such educational institutions which are providing pre-school education and education up to higher secondary school or equivalent or education leading to a qualification recognised by law, are fully exempt from GST. Annual subscription/fees charged as lodging/boarding charges by such educational institutions from its students for hostel accommodation shall not attract GST.

PIB

Be the first to comment - What do you think?  Posted by admin - July 13, 2017 at 6:09 pm

Categories: GST, IT Exemption   Tags: , , , , ,

No GST is applicable on free food supplied in anna kshetras run by religious institutions

No GST is applicable on free food supplied in anna kshetras run by religious institutions

Prasadam supplied by religious places like temples, mosques, churches, gurudwaras, dargahs, etc. attracts Nil CGST and SGST or IGST, as the case may be.

There are media reports suggesting that GST applies on free food supplied in anna kshetras run by religious institutions. This is completely untrue. No GST is applicable on such food supplied free.

Further, prasadam supplied by religious places like temples, mosques, churches, gurudwaras, dargahs, etc. attracts Nil CGST and SGST or IGST, as the case may be.

However, some of the inputs and input services required for making prasadam would be subject to GST. These include sugar, vegetable edible oils, ghee, butter, service for transportation of these goods etc. Most of these inputs or input services have multiple uses. Under GST regime, it is difficult to prescribe a separate rate of tax for sugar, etc. when supplied for a particular purpose.

Further, GST being a multi-stage tax, end use based exemptions or concessions are difficult to administer. Therefore, GST does not envisage end use based exemptions. It would, therefore, not be desirable to provide end use based exemption for inputs or input services for making prasadam or food for free distribution by religious institutions.

PIB

Be the first to comment - What do you think?  Posted by admin - July 11, 2017 at 5:31 pm

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Dr Jitendra Singh congratulates North Eastern States for successful implementation of GST

Dr Jitendra Singh congratulates North Eastern States for successful implementation of GST

The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today, congratulated all the eight North-Eastern States for successful implementation of GST and said, the North-Eastern States have set an example by being highly supportive right from the beginning of the GST exercise, in spite of several diversities, contradictions and constraints of the region. He commended the unassuming approach of the eight State Governments of different political parties as well as the various trade bodies and their representatives from the region, who, from time to time, came forward with their apprehensions and sought responses with an open mind, which paved the way for amicable solution to each of the issues related to GST roll-out in the region.

Speaking to Nagaland Minister for Roads & Bridges, designate in GST Council, Shri Y. Vikheho Swu, who called on him to discuss the arrangements post-roll-out of GST in the State, Dr Jitendra Singh had a word of praise for Nagaland, which happens to be one of the most peripheral Indian States with its immediate borders with foreign countries and with constant hassles emanating from topography, inadequate connectivity, transport limitations etc.

Shri Vikheho Swu gave a detailed resume of the manner in which everything was being managed smoothly following the GST roll-out on the midnight of June 30th and July 1st. He also wanted Dr Jitendra Singh to ensure that the All India Services officers engaged in implementation and management of GST should not be transferred or posted elsewhere for the time being.

Dr Jitendra Singh also had a word of praise for the literate approach and sagacious wisdom of the traders as well as consumers of North-Eastern region who were always open to reason. Citing an example, he said, when it was pointed out that some of the local handloom / handicraft products had come under the gambit of GST, even though these were tax-free earlier, the grievance got instantly resolved when it was explained that earlier, several of the taxes on raw material, etc., were embedded and hence not visible, whereas now it is only one tax, the GST, which is visible with no other invisible taxes, and hence the ultimate cost could remain the same or even less.

In the long run, Dr Jitendra Singh said that the GST will prove to be a blessing for the Northeast as it will offer the peripheral States an opportunity to grow side by side along with the more developed States of India.

PIB

Be the first to comment - What do you think?  Posted by admin - July 5, 2017 at 6:38 pm

Categories: GST   Tags: , , ,

Cabinet Secretary reviews GST, asks departments to keep a lid on price rise

Cabinet Secretary reviews GST, asks departments to keep a lid on price rise

New Delhi: Three days into GST regime, Cabinet Secretary P K Sinha today asked all ministries and departments to ensure that their is no shortage of goods and prices of essential items are kept under check.
Sinha held a review meeting to take stock of situation post implementation of the new tax regime, and departments have been asked to ensure that retailers, dealers/shopkeepers should display a price list under GST of items sold by them.

“Government has asked all the departments to ensure that their is no shortage of products and consumer items in order to keep a check on prices. Special emphasis was laid on to keep prices of essential commodities under check,” a finance ministry statement said.

Sinha stressed that benefits of GST should be passed on to consumers, which would in turn also keep inflation under control.

“Various machines used by dealers, retailers for computerised billing should be calibrated at the earliest as per the new GST rates,” he added.

A four tier Goods and Services Tax (GST) – 5, 12, 18 and 28 per cent – has been rolled out from July 1. Essential items like salt, unpacked food grains, cereals have been kept a zero rated to ensure that there is no price rise.

Sinha also asked departments to be ready to deal with queries of their stakeholders.

“In order to do so, officers of every ministry should equip themselves and have full knowledge of the details relating to GST concerning their respective Ministry,” he said.

A similar review meeting will be held every week to keep a close watch on GST rollout.

Sinha has also asked all the departments/ministry to provide all the relevant information relating to GST concerning their ministry/department, including GST rates on their respective websites.

He asked the secretaries to get more detailed feedback and in-depth details of the field from their respective stakeholders, officers and consumers at large after GST implementation.

The officers should be fully ready to deal with it so that there is quick response to any situation, the statement said.

Sinha asked them to launch campaigns to make their stakeholders and consumers fully aware about GST related matters concerning their respective ministry/department.

Apart from Revenue Secretary Hasmukh Adhia, the 20 secretaries, including from textile, consumer affairs, food processing, railways, MSME, rural development, tourism, fertiliser, pharma, and financial services attended the meeting. CBEC officials were present in the meeting.

On June 20, Sinha had taken GST preparedness meeting with 30 ministries and departments and had asked the secretaries to organise outreach meetings and publicity campaigns through their departments and PSUs for explaining the provisions of new law and rules to their stakeholders.

The finance ministry had yesterday said that the two days of GST rollout has passed “without any major problems being reported” from the field offices.

“The Revenue Department has got encouraging reports from the roadside dhabas and big restaurants as well as from kirana shops to departmental stores which, in turn, have started getting acclimatised to the new tax system,” it had said.

The biggest indirect tax since Independence, GST removes at least 17 different taxes and transforms India into a single market for seamless movement of goods and services.

PTI

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All States/UTs except the State of Jammu & Kashmir, approves the State GST Act and are ready for the smooth roll-out of GST with effect from 1st July, 2017

All States/UTs except the State of Jammu & Kashmir, approves the State GST Act and are ready for the smooth roll-out of GST with effect from 1st July, 2017

As of today, all the States and Union Territories (having assemblies), except the State of Jammu & Kashmir, have approved the State Goods and Services Tax (SGST) Act. The State of Kerala issued an Ordinance today approving State GST Act while the State of West Bengal had issued an Ordinance in this regard on 15th June, 2017. Now only one State is left i.e. the State of J&K which is yet to pass the State GST Act. Thus, almost the entire country including all the 30 States/UTs are now on board and ready for the smooth roll-out of GST with effect from 1st July, 2017.

The details of the States which have passed the State GST Act till today are as follows:

Sl. No. Name of the State Date on which SGST Act passed in the Assembly
1. Telangana Act Passed on 9th April 2017
2. Bihar Act Passed on 24th April, 2017
3. Rajasthan Act Passed on 26th April 2017
4. Jharkhand Act Passed on 27th April, 2017
5. Chhattisgarh Act Passed on 28th April, 2017
6. Uttarakhand Act Passed on 2nd May, 2017
7. Madhya Pradesh Act Passed on 3rd May, 2017
8. Haryana Act Passed on 4th May, 2017
9. Goa Act Passed on 9th May, 2017
10. Gujarat Act Passed on 9th May, 2017
11. Assam Act Passed on 11th May, 2017
12. Arunachal Pradesh Act Passed on 12th May, 2017
13. Andhra Pradesh Act Passed on 16th May, 2017
14. Uttar Pradesh Act Passed on 16th May, 2017 (in both the Houses)
15. Puducherry Act Passed on 17th May, 2017
16. Odisha Act Passed on 19th May, 2017
17. Maharashtra Act Passed on 22nd May, 2017
18. Tripura Act Passed on 25th May, 2017
19. Sikkim Act Passed on 25th May, 2017
20. Mizoram Act Passed on 25th May, 2017
21. Nagaland Act Passed on 27th May, 2017
22. Himachal Pradesh Act Passed on 27th May, 2017
23. Delhi Act Passed on 31st May, 2017
24. Manipur Act Passed on 5th June, 2017
25. Meghalaya Act Passed on 12th June, 2017
26. Karnataka Act Passed on 15th June, 2017
27. West Bengal Ordinance Passed on 15th June, 2017
28. Punjab Act Passed on 19th June, 2017
29. Tamil Nadu Act Passed on 19th June, 2017
30. Kerala Ordinance Passed on 21st June, 2017

STATE YET TO PASS THE SGST ACT

Sl. No. Name of the State
1. Jammu & Kashmir

PIB

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CSD: Implementation of GST at URCs

ADVISORY 10/ 2017: IMPLEMENTATION OF GST AT URCs

GST-CSD

1. The Govt has declared 50% exemption of GST to CSD (copy of relevant extract att as Annx).

2. URCs’ sales to end customers are exempted levy of GST. As a consequence, URCs are exempted from registration for GST and filing of monthly returns etc.

3. URCs need not make any extra efforts in implementation of GST wef 01 Jul 2017, except the following activities:-

(a) Ensure proper accounting of closing stock as on 30 Jun 2017 since, they have to be sold at old selling prices wef 01 Jul 2017.

(b) CSD Depots will be selling the balance stocks as on 30 Jun 2017 at the old rates to URCs. All the stocks received from CSD Depots with old selling prices during July 2017 and the closing stocks at URCs as on 30 Jun 2017 should be sold at old prices as on 30 Jun 2017 to end customer.

(c) No URC should refuse the stocks already demanded by them in the month of Jun 2017, as these stocks have been purchased and supplied to Depots.

(d) Goods purchased by CSD Depots from the companies in GST Regime (wef 01 Jul 2017) will be sold at revised wholesale price. URCs will sell these goods at revised retail price to end customers, which will be communicated by CSD HO in due course of time through their respective depots.

(e) It is advisable to liquidate old stocks at URCs as on 30 Jun 2017 first and then only start selling new stocks.

(f) Dual billing system may be followed, if all the stocks as on 30 Jun 2017 cannot be liquidated and sale of new stocks to be carried out with new rates, if situation warrants.

(g) CS Dte has directed CIMS management to prepare and forward revised software to all URCs, in order to switchover the billing process in GST environment. This is dependent on companies disclosing post GST prices to CSD HO in an early timeframe.

(h) All URCs should maintain the record of purchases and sales meticulously in electronic mode,

(j) The Government is yet to finalise e way bill procedure in GST

environment for collection vehicles that will be used to collect stores from CSD Depots by URCs. Once e way bill is made mandatory for URCs, the same will be intimated.

4. However, as liquor is outside the purview of GST, URCs will continue with the existing system for sale of liquor.

5. This letter supersedes all earlier instrs on the subject and be disseminated to all URCs under respective comd.

Signed copy 

Be the first to comment - What do you think?  Posted by admin - June 20, 2017 at 6:58 pm

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The Central Government abolished various Cesses in the last three years for smooth roll-out of GST

The Central Government abolished various Cesses in the last three years for smooth roll-out of GST 

The Central Government in the last three General Budgets viz 2015-16, 2016-17 and 2017-18 has gradually abolished various cesses on goods and services in order to prepare the ground for smooth roll- out of Goods and Service Tax (GST) from 1st July, 2017. The Central Government has taken this step in stages by abolishing various cesses so that it is easier to fit in various goods and services in different tax slabs for GST.

The Central Government in its General Budget 2015-16 had abolished Education Cess, including Secondary and Higher Education Cess on taxable services, and exempted Education Cess on excisable goods as well as Secondary and Higher Education Cess on excisable goods.

In its General Budget 2016-17, the Central Government abolished cess on cement, strawboard, three cesses including cess on Iron Ore Mines, Manganese Ore Mines and Chrome Ore Mines by amending Labour Welfare Cess Act, 1976, Tobacco cess by amending the Tobacco Cess Act 1975, and Cine Workers Welfare Cess by amending the Cine Workers’ Welfare Cess Act 1981 among others.

In its General Budget 2017-18, the Central Government abolished Research and Development cess by amending the Research and Development Cess Act.

 Through Taxation Laws Amendment Act 2017, the following cesses are abolished. However, the date of the implementation will coincide with the date of the GST roll-out:

  1. The Rubber Act 1947 – Cess on Rubber
  2. The Industries (Development and Regulation) Act 1951 – Cess on Automobile
  3. The Tea Act 1953 – Cess on Tea
  4. The Coal Mines (Conservation and Development) Act, 1974 – Cess on Coal
  5. The Beedi Workers’ Welfare Cess Act 1971 – Cess on Beedis
  6. The Water (Prevention and Control of Pollution) Cess Act 1977 – Cess levied on Water consumed by certain industries and by local authorities.
  7. The Sugar Cess Act 1982, the Sugar Development Fund Act 1982 – Cess on Sugar
  8. The Jute Manufacturers Cess Act 1983 – Cess on Jute Goods manufactured or produced or in part of Jute.
  9. The Finance (2) Act 2004 – Education Cess on Excisable Goods
  10. The Finance Act, 2007 – Secondary and Higher Education Cess on Excisable Goods
  11. The Finance Act 2010 – Clean Energy Cess
  12. The Finance Act 2015 – Swachh Bharat Cess
  13. The Finance Act 2016 – Infrastructure Cess and Krishi Kalyan Cess

 However, the following cesses will continue to be levied under the GST regime since they pertain to customs or goods which are not covered under the GST regime:

  1. The Finance (2) Act 2004 – Education Cess on Imported Goods
  2. The Finance Act, 2007 – Secondary and Higher Education Cess on Imported Goods
  3. Cess on Crude Petroleum Oil under the Oil Industry Development Act, 1974
  4. Additional Duty of Excise on Motor Spirit (Road Cess)
  5. Additional Duty of Excise on High Speed Diesel Oil (Road Cess)
  6. Special Additional Duty of Excise on Motor Spirit
  7. NCCD on Tobacco and Tobacco Products and Crude Petroleum Oil.

PIB

Be the first to comment - What do you think?  Posted by admin - June 7, 2017 at 3:32 pm

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