Monthly Archive: August 2017
GST ON HOTEL ACCOMMODATION – RATE OF TAX ON DECLARED ROOM TARIFF
A clarification has been sought from the GST Council with regard to the Rate of GST on Hotel Accommodation. In this matter the government has changed the Terminology used...
GST – REVERSAL OF INPUT TAX CREDIT (ITC) RELATED TO EXEMPTED or NIL RATED OUTWARD SUPPLIES
This article covers relevant abstract provisions of GST Laws related to reversal of Input Tax Credit (ITC) used in relation to Exempted or NIL Rated output Supplies:- As...
REDUCED RATE OF GST FOR JOB WORK ON READYMADE GARMENTS : GST COUNCIL DECISION 5TH AUG, 2017
In a major relief to the Ready Made Garment sector, the GST Council has reduced the Rate of GST on Job Work of Readymade Garments and made-ups from 18%...