Posts Tagged ‘GST’

5% Uniform rate of GST to apply in all railway catering services in trains or on stations

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5% GST to Train Food and Drinks

Ministry of Finance
5% Uniform rate of GST to apply in all railway catering services in trains or on stations

 

With a view to remove any doubt or uncertainty in the matter and bring uniformity in the rate of GST applicable to supply of food and drinks made available in trains, platforms or stations, it has been clarified with the approval of the competent authority that the GST rate on supply of food and drinks by the Indian Railways or Indian Railways Catering and Tourism Corporation Ltd. or their licensees, whether in trains or at platforms (static units), will be 5% without input tax credit. The copy of letter F.No. 354/03/2018-TRU dated 31.03.2018 (Order No. 2/2018 – GST) issued to the Railway Board is available atwww.cbec.gov.in .

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Be the first to comment - What do you think?  Posted by admin - April 8, 2018 at 9:56 pm

Categories: Railways   Tags: , , ,

Final Monthly collection figures of GST

Ministry of Finance

Final Monthly collection figures of GST

02 APR 2018

The revenue collection figures under GST including CGST, SGST, IGST and cess for the period July 2017 – February 2018 paid in the period July 2017 – March 2018 is as follows:

Figures in Rs. Crores)

Month GST Collection
August 93,590
September 93,029
October 95,132
November 85,931
December 83,716
January 88,929
February 88,047
March 89,264
Total 7,17,638

Besides the above Rs. 27,811 crores were collected as IGST and cess on imports in the month of March. Every month the Department of Revenue released figures for revenue collection under GST which were released usually the day next to the day when settlement of IGST was done. The figures were normally released between 24th-26th of the month. The above figures are month end figures for collection under GST.

PIB

Be the first to comment - What do you think?  Posted by admin - April 3, 2018 at 8:36 am

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Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force

Ministry of Finance

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force;

Concessional Rate of GST of 12% extended to construction of houses constructed/ acquired under the Credit Linked Subsidy Scheme for EWS, LIG, MIG sections

Posted On: 07 FEB 2018 1:45PM by PIB Delhi

In its 25th Meeting held on 18th January, 2018, the GST Council had made several important recommendations for the Housing Sector which have come into force with effect from 25th January, 2018. The recommendations are expected to promote affordable housing for the masses in the country.

One of the important recommendations made is to extend the concessional rate of GST of 12% (effective rate of 8% after deducting one third of the amount charged for the house, flat etc. towards the cost of land or undivided share of land, as the case may be) in housing sector to construction of houses constructed/ acquired under the Credit Linked Subsidy Scheme (CLSS) for Economically Weaker Sections (EWS) / Lower Income Group (LIG) / Middle Income Group-1 (MlG-1) / Middle Income Group-2 (MlG-2) under the Housing for All (Urban) Mission/Pradhan Mantri AwasYojana (Urban).

Credit Linked Subsidy Scheme (CLSS) is one of the components of Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana (PMAY) (Urban). Under this component, subsidy would be provided on home loans taken by eligible urban poor (EWS/LIG/ MIG-I/ MIG-II) for acquisition and construction of house. Credit linked subsidy would also be available for housing loans availed for new construction and for addition of rooms, kitchen, toilet etc, to existing dwellings as incremental housing. The carpet area of houses constructed under this component of the mission would be up to 30 square meters for EWSA, 60 Square Meters for LIG, 120 sqm for MIG I and 150 Sqm for MIG II. The benefit of Credit Linked Subsidy Scheme may be taken by the Economical Weaker sections or Low/Middle Income Groups for purchase of houses under any project. The maximum annual income for eligibility of beneficiaries under the scheme can be up to Rs.18 lakhs. It covers a very large section of population which aspires to own a home.

So far, houses acquired under CLSS attracted effective GST rate of 18% (effective GST rate of 12% after deducting value of land). The concessional rate of 12% was applicable only on houses constructed under the other three components of the Housing for All (Urban) Mission/Pradhan Mantri AwasYojana (Urban), namely (i) ln-situ redevelopment of existing slums using land as a resource component; (ii) Affordable Housing in partnership and (iii) Beneficiary led individual house construction/enhancement. The exemption has now been recommended for houses acquired under the CLSS component also. Therefore, the buyers would be entitled to interest subsidy under the Scheme as well to a lower concessional rate of GST of 8% (effective rate after deducting value of land).

The GST Council has also recommended that the benefit of concessional rate of GST of 12% (effective GST rate of 8% after deducting value of land) applicable to houses supplied to existing slum dwellers under the in-situ redevelopment of existing slums using land as a resource component of PMAY may be extended to houses purchased by persons other than existing slum dwellers also. This would make the in-situ redevelopment of existing slums using land as a resource component of PMAY more attractive to builders as well as buyers.

The third recommendation of the Council is to include houses constructed for ‘Economically Weaker Section (EWS)’ under the Affordable Housing in partnership (PMAY) under the concessional rate of GST of 8% (effective rate after deducting value of land). This will support construction of houses up to 30 sqm carpet area.

The Fourth Recommendation of the Council is to extend the concessional rate of 12% to services by way of construction of low cost houses up to a carpet area of 60 sqm in a housing project which has been given infrastructure status under notification No. 13/06/2009 dated 30th March, 2009. The said notification of Department of Economic Affairs provides infrastructure status to Affordable Housing.

Affordable Housing has been defined in the said notification as a housing project using at least 50% of the FAR/FSI for dwelling units with carpet area of not more than 60 sqm. The recommendation of the Council would extend the concessional rate of 8% GST (after deducting value of land) to construction of flats/ houses of less than 60 sqm in projects other than the projects covered by any scheme of the Central or State Government also.

In addition to the above, in order to provide a fillip to the housing and construction sector, GST Council has decided to give exemption to leasing of land by Government to Governmental Authority or Government Entity. [Government Entity is defined to mean an authority or board or any other body including a society, trust, corporation, (i) set-up by an Act of Parliament or State Legislature; or (ii) established by any Government, with 90% or more participation by way of equity or control, to carry out any function entrusted by the Central Government, State Government, UT or a local authority].

Also, any sale/lease/sub-lease of land as a part of the composite sale of flats has also been exempted from GST. Therefore, in effect, the Government does not levy GST on supply of land whether by way of sale or lease or sub-lease to the buyer of flats and in fact, gives a deduction on account of the value of land included in the value of flats and only the value of flat is subjected to GST.

It may be recalled that all inputs used in and capital goods deployed for construction of flats, houses, etc attract GST of 18% or 28%. As against this, most of the housing projects in the affordable segment in the country would now attract GST of 8% (after deducting value of land). As a result, the builder or developer will not be required to pay GST on the construction service of flats etc. in cash but would have enough ITC (input tax credits) in his books to pay the output GST, in which case, he should not recover any GST payable on the flats from the buyers. He can recover GST from the buyers of flats only if he recalibrates the cost of the flat after factoring in the full ITC available in the GST regime and reduces the ex-GST price of flats.

The builders/developers are expected to follow the principles laid down under Section 171 of the GST Act scrupulously. The above changes have come into force with effect from 25 January 2018.

PIB

Be the first to comment - What do you think?  Posted by admin - February 7, 2018 at 5:23 pm

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GST Council recommends relief in GST on Circus, Dance and Theatrical Performances

Ministry of Finance

GST Council recommends relief in GST on Circus, Dance and Theatrical Performances

Threshold Exemption under GST for admission to such cultural and sports events in the country increased from Rs. 250 to Rs. 500 per person.

7 FEB 2018 1:48PM

In its Meeting held on 18th January, 2018, the GST Council has recommended that for the purpose of GST exemption, the threshold price limit of Admission Ticket for circus, dance,theatrical performances including drama or dance, award functions, pageants, concerts, musical performances, and recognized sporting events may be increased from Rs. 250 per person to Rs.500 per person. The Council has further recommended that admission to planetarium may also been given the benefit of this threshold exemption up to Rs.500 per person.

The Notifications giving effect to the recommendations of the Council have been issued on 25th January, 2018. Accordingly, from 25th January 2018, the Admission Ticket to circus, dance, theatrical performances including drama or dance, award functions, pageants, concerts, musical performances, recognized sporting events and planetarium up to Rs.500 per person have been exempted from GST. This measure is expected to promote such cultural and sports events in the country.

PIB

Be the first to comment - What do you think?  Posted by admin - at 5:20 pm

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Applicability of Goods and Service tax (GST) on Static Catering Services on IR

Applicability of Goods and Service tax (GST) on Static Catering Services on IR

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)

No. 2012/TG.III/631/2

New Delhi Dated 01.12.2017

The General Managers
All Indian Railways

The CMD/IRCTC
New Delhi

CMD/KRCL,
Navi Mumbai

(Commercial Circular No. 79 of 2017)

Sub: Applicability of Goods and Service tax (GST) on Static Catering Services on IR.

Ref: (i) Commercial Circular No. 78 of 2012 dated 21.12.2012
(ii) Commercial Circular No. 44 of 2017 dated 29.06.2017
(iii) Commercial Circular No. 48 of 2017 dated 30.06.2017
(iv) Board’s letter No. 2016/AC-II/01/Misc./GST (RBS No. 164/20117) dtd 20.11.2017
(v) Board’s letter no. 2017/TG-III/631/6 dated 18/09/2017.

Ministry of Finance (Department of Revenue) vide notification No. 11/2017 – Central Tax(Rate) dated 28.06.2017 had issued GST Rate for supply of food and beverage services. Further, vide Notification no. 46/2017-Centrl Tax (Rate) dated 14.11.2017, the aforesaid notification has been amended. The issue of implementation of Goods and Service Tax (GST) on Catering Services on Indian Railway has been examined in consultaion of Finance Commercial Dte. of Railway Board and accordingly, following are advised:-

1. The chargeable GST on catering services in state in catering units / parliament canteen is @ 5% with no Input Tax Credit (ITC).

2. The above GST on catering charges through Static units is applicable w.e.f. 15.11.2017.

3. The rates notified vide Commercial Circular No. 78 of 2012 will remain unchanged after applicability of GST but are now inclusive of GST @ 5% for static catering units.

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

Please acknowledge receipt of this letter.

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

Authority: www.indianrailways.gov.in

Be the first to comment - What do you think?  Posted by admin - January 29, 2018 at 11:59 am

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Government to replace GST ordinance with bill

Government to replace GST ordinance with bill

GST-Goods-and-Service-Tax

The Cabinet today approved replacing the Goods and Service Tax (Compensation to States) Ordinance by a bill, sources said.

The GST (Compensation to States) Act 2017 aims to provide for compensation to the states for the loss of revenue arising on account of implementation of Goods and Service Tax Act, they said.

It provides for imposition of compensation cess on intra-state/ inter-state supplies of goods and services.

The GST Council in its 20th meeting held in August had recommended an increase of 10 per cent to 25 per cent in the maximum rate on certain type of motor vehicles.

The Ordinance was promulgated on September 2, thus raising the maximum rates.

Article 123 of the Constitution mandates that the ordinance be approved by the Parliament within six weeks of reconvening.

Accordingly, the sources added the finance ministry had sought Cabinet nod for the replacement of the ordinance by the Goods and Service Tax (Compensation to States) Bill, 2017.

The government has listed the bill for introduction in its Parliament business agenda for the next week.

PTI

Be the first to comment - What do you think?  Posted by admin - December 16, 2017 at 10:14 pm

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7th Pay Commission: Will government raise minimum pay?

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.

TST

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

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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

Categories: GST, Postal Department   Tags: , , ,

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

Categories: CSD, GST   Tags: , , ,

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: , , , , ,

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