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TMI Bloggst on job work related to textilesX X X X Extracts X X X X X X X X Extracts X X X X ..... There is reduced in GST Rate on job work of Yarn Process related to man made yarn from 18% to 5% on 05-08-2017. whether this change of rate is applicable from 05.08.2017 or from 01.07.2017. Suppose I have received a job work bill on 31.07.2017 of ₹ 100000 then what gst I have to paid . ₹ 5000 or ₹ 18000. B ecause Before 05.08.2017 there is rate of gst on job work charges was 18% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and now it is 5%. - Reply By KASTURI SETHI - The Reply = Reduced rate of tax cannot be effective retrospectively until or unless it is mentioned in the notification per se specifically. - Reply By Rajagopalan Ranganathan - The Reply = Sir, The GST council has recommended to reduce the rate of gst on Job work in the textile industry to 5%. At present man made fibres are excluded from the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... levy at the rate of 5% vide Sl. No. 26 (b) of Notification No. 11/2017-Central Tax (Rate) dated 28.6.2017 . This recommendation will come into effect from the date from which this entry is suitable amended by the Government. Till such time the gst rate will be 18%. - Reply By raj kumar shukla - The Reply = Following the GST council decision , notification shall be issued by the govt .the effec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tive date would be date of notification unless specifically a date is mentioned in the notification. - gst on job work related to textiles - Query Started By: - pawan agrawal Dated:- 7-8-2017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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