CBEC Notifies 2.5% CGST for Standalone Restaurants without Input Tax Credit and 9% for others

CBEC Notifies 2.5% CGST for Standalone Restaurants without Input Tax Credit and 9% for others

Restaurant-CA GROUPS

The Central Board of Excise and Customs (CBEC) on today notified that standalone restaurants are liable to pay CGST @ 2.5% whereas other restaurants would pay GST @9%.

The 23rd GST Council meeting held at Assam had decided to levy five per cent GST on standalone restaurants without allowing them input tax credit.

The notification issued today also reduced the rate of job work on “handicraft goods” @ 2.5%.

The Notification also substitute “Services provided” in item (vi) against Sl No. 3 in table.

The new rates are applicable from today.

DOWNLOAD the full text of the Notification below

DOWNLOAD NOTIFICATION

Advertisements

Govt Exempts Certain Goods from GST as per the GST Council’s decision [Read Notification]

Govt Exempts Certain Goods from GST as per the GST Council’s decision [Read Notification]

hqdefault

As decided by the Goods and Services Tax Council, the apex body for GST policy decisions, the Central Government today notified exemption to certain goods from the levy of tax.

Last week, the Council had decided to remove the levy of 5 per cent GST on mass consumption goods like Guar meal, Hop cone (other than grounded, powdered or in pellet form), Certain dried, vegetables such as sweet potatoes, maniac, Unworked coconut shell, Fish frozen or dried (not put up in unit container bearing a brand name), Khandsari sugar etc.

The new rates as per the current notification is applicable with effect from today.

DOWNLOAD the full text of the Notification below

DOWNLOAD NOTIFICATION

Govt Notifies Due Dates for furnishing FORM GSTR-3B till March 2018 [Read Notification]

Govt Notifies Due Dates for furnishing FORM GSTR-3B till March 2018 [Read Notification]

GSTR-3B-Return

The Central Government today notified the due dates for furnishing the returns in FORM GSTR-3B till March 2017.

As per the Notification, returns for January, February and March 2018 shall be filed on 20th February March, 20th and 20th April respectively.

The Notification stated that every registered person furnishing the return in FORM GSTR-3B shall, subject to the provisions of section 49 of the said Act, discharge his liability towards tax, interest, penalty, fees or any other amount payable under the said Act by debiting the electronic cash ledger or electronic credit ledger, as the case may be, not later than the last date, on which he is required to furnish the said return.

DOWNLOAD the full text of the Notification below

DOWNLOAD NOTIFICATION

 

GST Council Cuts Rates On Over 200 Items

GST Council Cuts Rates On Over 200 Items

GST-23rd-Meet

Revised Rates of GST on Following items Decided by  23rd GST Council Meeting

From 28% to 18%

  • Electrical items like wire, cables, insulated conductors, pugs, switches, sockets
  • Electrical board panels, consoles
  • Particle fibre board, ply wood, wood, wooden frames
  • Furniture, mattress, bedding
  • Trunk, suitcase, vanity cases, brief cases
  • Detergents, washing and cleaning preparations
  • Liquid or cream for washing theskin
  • Shampoos, hair creams, hair dyes, Henna power/paste
  • Pre shave, shaving or after shaving preparations
  • Perfumes, toilet waters
  • Beauty or make-up preparations
  • Fans, pumps, compressors
  • Lamp and lightings
  • Primary cells and primary batteries
  • Sanitary ware and parts
  • Articles of plastic, floor covering, baths, shower, sinks
  • Slabs of marbles and granite
  • Goods of marble or granite such as tiles
  • Ceramic tiles of all kinds
  • Vacuum flasks, lighters
  • Wrist watches, clocks, watch movement, watch cases and parts
  • Apparel and clothing accessories of leather, guts, furskin, artificial fur etc…
  • Razor and razor blades
  • Multi-functional printers and cartridges
  • Office or desk equipment
  • Door, windows or frames of aluminium
  • Articles of plaster such as board, sheet
  • Articles of cement or concrete or stone
  • Articles of mica or asphalt


From 18% to 12%

  • Condensed milk
  • Refined sugar and sugar cubes
  • Pasta
  • Curry paste, mayonnaise and salad dressings, mixed condiments and mixed
  • seasoning
  • Diabetic food
  • Medicinal grade oxygen
  • Printing ink
  • Hand bags and shopping bags bags of jute and cotton
  • Hats (Knitted or crocheted)
  • Parts of agricultural, horticultural, forestry, harvestings or threshing machinery
  • Specified parts of sewing machine
  • Spectacle frames
  • Furniture wholly made of bamboo or cane


From 18% to 5%

  • Puffed rice chikki, peanut chikki, sesame chikki, revdi, tilrevdi, khaza, kazuali,
  • groundnut sweets gatta, kuliya
  • Flour of potato put up in unit container bearing a brand name
  • Chutney powder
  • Fly ash
  • Sulphur recovered in refining of crude
  • Fly ash aggregate with 90% or more fly ash content

 

From 12% to 5%

  • Dessicated coconut
  • Narrow woven fabric
  • Idli, dosa batter
  • Finished leather, chamois and composition leather
  • Coir cordage and ropes, Jute twine, coir products
  • Fishing net and fishing hooks
  • Worn clothing
  • Fly ash brick

 

From 5% to Nil

  • Guar meal
  • Hop cone
  • Certain dried vegetables, such as sweet potatoes, maniac
  • Fish frozen or dried
  • Unworked coconut shell
  • Khandsari sugar

 

REGARDS
ACA SOURAV BAGARIA