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Tag Archives: Goods & Services Tax

GST Impact on ITES Sector – Sectoral FAQs released by CBEC

FAQs on IT/ITES Sector released by CBEC Question 1: Whether software is regarded as goods or services in GST? Answer: In terms of Schedule II of the CGST Act 2017, development, design, programming, customisation, adaptation, upgradation, enhancement, implementation of information technology software and temporary transfer or permitting the use or enjoyment of any intellectual property […]

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FAQs on GST on Government Services – Sectoral FAQs released by CBEC

FAQ: GST  on Government Services (Released by CBEC)   Question 1: Are all services provided by the Government or local authority exempted from payment of tax ? Answer: No, all services provided by the Government or a local authority are not exempt from tax. As for instance, services, namely, services by the Department of Posts by […]

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GST Impact on MSME Sector – Sectoral FAQs released by CBEC

GST Impact on MSME Sector   Question 1: What is GST? Answer: GST stands for Goods and Services Tax, which is levied on supply of goods or services. “Supply” is a legal term which has very broad sweep and various types of economic activities are covered by it. For example, sale of goods is a […]

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Recovery of Tax Provisions in GST – Eflier Released by CBEC

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Inspection, Search and Seizure – Eflier released by CBEC

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GST Rates on Goods and Services (As updated on 22-05-2017)

GST Rates on Goods and Services finalized by GST Council as updated upto 22-05-2017 S.N. PARTICULARS DOWNLOAD LINK    Rate of GST on Goods   1 Chapter wise GST Rate Schedule – 18-05-2017 CLICK HERE   2 GST Compensation Cess Rates – 18-05-2017 CLICK HERE   3 Addendum to GST Rate Schedule – 22-05-2017 CLICK […]

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Place of Supply of Goods provisions in Model GST Law

In Model GST Law released by the government, chapter IV of Integrated GST Act covers the provisions relating to Place of Supply of goods and services.   What is the need of Place of Supply provisions in GST Law?   The answer to this question lies in section 3 of the IGST Act which provides […]

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