gst on job work related to textiles

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... gst on job work related to textiles
Query (Issue) Started By: - pawan agrawal Dated:- 7-8-2017 Last Reply Date:- 8-8-2017 Goods and Services Tax - GST
Got 3 Replies
GST
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 j .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ob 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% 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... : 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 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 s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uch 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 effective date would be date of notification unless specifically a date is mentioned in the notification.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X