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 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 a...

GST on Tour Operator Services

GST on Tour Operator Services :- World’s largest Democratic Nation, India joins in the league of GST (Single Taxation Regime) from 01.07.2017 and subsequently notified Tariff and non-tariff Notifications regarding various Goods and Services, erstwhile it was known to be Central Excise Tax on Manufacturing Goods and Service Tax against the services supplied or received. And Tour Operator service is considered as one of the ever widening scope of service ever since the advent of cheaper air communication and opening of luxurious hotels across the globe. 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 the business of planning, scheduling, organizing or arranging tours or packages (which may include arrangements for accommodation, sightseeing or other similar services) by any mode of transpor...

GST GUIDANCE

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