Q.5 Whether home stays providing accommodation through an Electronic Commerce Operator, below threshold limit are exempt from taking registration? Ans. Notification No. 17/2017-Central Tax (Rate), has been issued making ECOs liable for payment of GST incase of accommodation services provided in hotels, inns, guest houses or other commercial places meant for residential or lodging purposes provided by… Read More »
Q.4 (c) What will be the rate of tax for bakery items supplied where eating place is attached – manufacturer for the purpose of composition levy? Ans. (c) Any service by way of serving of food or drinks including by a bakery qualifies under section 10(1)(b) of CGST Act and hence GST rate of composition… Read More »
Q.4 (a) Whether for the purpose of entries at SI. Nos. 34(ii) [admission to cinema] and 7(ii)(vi)(viii) [Accommodation in hotels, inns, etc.], of notification 11/2017-CT (Rate) dated 28th June 2017, price/declared tariff includes the tax component or not? (b) Whether rent on rooms provided to in-patients is exempted? If liable to tax, please mention the entry… Read More »
Q. 3 The provision in rate schedule notification No. 11/2017-Central Tax (Rate) dated the 28th June 2017 does not clearly state the tax base to levy GST on horse racing. This may be clarified. Ans. GST would be leviable on the entire bet value i.e. total efface value of any or all bets paid into the totalisatoror placed with… Read More »
Q.2 Vide notification No. 11/2017-Central Tax (rate) dated the 28th June 2017 entry 34, GST on the service of admission into casino under Heading 9996 (recreational, cultural and sporting services) has been levied @ 28%. Since the value of supply rule has not specified the method of determining taxable amount in casino, casino operators have been informed… Read More »
Q. 1 ( a) Will GST be charged on actual tariff or declared tariff for accommodation services? (b) What will be GST rate if cost goes up (more than declared tariff) owing to additional bed. (c) Where will the declared tariff be published? (d) Same room may have different tariff at different times depending on season… Read More »
CENTRAL GOODS AND SERVICES TAX (EXTENSION TO JAMMU AND KASHMIR) ACT, 2017 [NO.26 OF 2017] (Dated 23-8-2017) An Act to provide for the extension of the Central Goods and Services Tax Act, 2017 to the State of Jammu and Kashmir. Be it enacted by Parliament in the Sixty-eighth Year of the Republic of India as… Read More »
Company Law Manual – A Compendium of Companies Act 2013 along with Relevant Rules Incorporating Annotated text of Companies Act 2013 (As Amended by Insolvency and Bankruptcy Code 2016 & Finance Act 2017) & Rules framed thereunde Text of Relevant Rules given along with text of relevant section of Companies Act 2013 Annotation under each section… Read More »