9911796707
TMI BlogClarifications regarding GST in respect of certain services.X X X X Extracts X X X X X X X X Extracts X X X X ..... di, H.P. 2. The Joint Commissioner of State Taxes and Excise, Flying Squad, (Central Zone, North Zone, South Zone), Una, Palampur, Parwanoo, H.P. 3. The Dy. Commissioner of State Taxes and Excise, Shimla, Solan, BBN Baddi, Sirmour, Bilaspur, Hamirpur, Mandi. Kullu, Chamba, Kangra, Revenue Distt Nurpur and Una, H.P 4. The Asstt. Commissioner of State Taxes and Excise, Incharge Distt. Kinnou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt is the process of retreading which is a supply of service. Rubber used for retreading is an ancillary supply. Which part of a composite supply is the principal supply, must be determined keeping in view the nature of the supply involved. Value may be one of the guiding factors in this determination, but not the sole factor. The primary question that should be asked is what is the essential natu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Energy Certificates, REP license or replenishment license, which attracted VAT. In GST there is no exemption to trading in PSLCs. Thus, PSLCs are taxable as goods at standard rate of 18% under the residuary S. No. 453 of Schedule III of notification No. 1/2017-State Tax(Rate). GST payable on the certificates would be available as ITC to the bank buying the certificates. 4. (1) Whether the act ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axable under GST? (2) The service provided by Central Government/State Government to any business entity including PSUs by way of guaranteeing the loans taken by them from financial institutions against consideration in any form including Guarantee Commission is taxable. 2. This circular shall come into force w.e.f. 01.03.2018. 3. Difficulty if any, in the implementation of this circular may be ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
