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%...

DISCLAIMER

The Views expressed on this blog are strictly personal and for knowledge of our clients only. The contents of this blog are solely for informational purpose and it does not constitute any professional advice or recommendation. The laws related to GST and other taxes are under evolution and subject to constant changes and amendments over time. It is suggested to take specific legal advice and necessary due diligence before relying on the contents and information of this Blog. The authors of this blog, does not accept any liabilities for any loss or damage of any kind arising out of information on this blog and for any actions taken in reliance thereon.