UPDATED CIRCULARS RELATED TO COMPENSATION CESS

The following are latest updates regarding CIRCULARS RELATED TO COMPENSATION CESS.

1. Circular No. 1/2017 - Compensation Cess, Dated 26.07.2017 vide F.No. 354/136/2017 -TRU

" This Circular is regarding clarification related to applicability of Section 16 of the IGST Act, 2017 relating to Zero rated supply for the purpose of Compensation Cess on Exports."

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GST ON Advertising Agency Service

For every business either to promote the business or spread just looking after showing an advertisement, become a necessary part of the growth. So, the services related to Advertisement and advertising Agency Service is ever growing trade. After the advent of GST, there so many questions related to Advertising Agency Service related Services, and for every update, clarification from the BOARD will be updated in this page.

GST ON RENTING OF IMMOVABLE PROPERTY SERVICE

GST ON RENTING OF IMMOVABLE PROPERTY SERVICE For every space renting out or lease it out for commercial purposes, the liability of GST (Goods and Services Tax ) arises. So, maximum in the cities or towns where commercial business are happened, part of the building or whole of the buildings are rented out or lease out to business organizations, the owner is liable to take registration of GST from the nearest Office. They have to collect the GST from the tenants or Lessee for the payment of GST to the Government Account. Other the related details of this service are given below and and for every update, clarifications from the BOARD will be updated in this page.

GST ON TRAVEL AGENCY Service

Nowadays Travel Agency Service is very common and will be available in every city or even in small towns and also will be easily visible in the websites with discounts and all. Generally those who are in this business clubs together with other services like tour operator, Rent-A-Cab Service, Hotel Booking, Visa Processing Service, Foreign Exchange Service etc. So, in the following paragraphs various issues related to this Service will be dealt and will be continuously updated as soon as the Board of Central Goods and Services Tax, New Delhi updated. Definition :- Any person engaged in providing any service related to the booking of travel by air domestically or Internationally. SAC Code (Service Accounting Code) : 1. Reservation Services for Transportation : 998551 2. Reservation Services for accommodation, Cruises and Package tours : 998552 3. Reservation Services for Convention Centres, Congress Centres and Exhibition halls :998553 4. Reserva

GST GUIDANCE

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