GST GUIDANCE

SERVICE TAX ON WORKS CONTRACT SERVICE PRIOR TO GST Effective from 01.07.2012, vide Notification No. 30/2012 Dated 20.06.2012, under Reverse Charge Mechanism, the share liability of any of the Company, Firm, individual, Government Authority, Local State Authority etc is given below. Category of Service Provider Category of Service Receiver ST payable by Provider ST payable by Receiver Individual, Proprietary firm, Partnership firm including Limited Liability Partnership Company 50% 50% Other than Company 100% 0% Government or Local Authority Any Person or status 0% 100% Company Any person, firm etc 100% 0%   RATE OF ABATEMENT ON WORKS CONTRACT SERVICE: Effective From 1.7.2012, vide Notification No. 24/2012 Dated 6.6.2012, provided Rule 2A of Service Tax Determination of Value Rule, 2006, subjec

RATE OF SERVICE TAX PRIOR TO GST Rate of Service Tax Effective Dates/Remarks 12.36% 12% - Service Tax 2% - Educational Cess on ST 1% - Senior Higher Secondary Education Cess on ST Effective from 01.04.2012 to 31.05.2015 14% - Service Tax Effective from 01.06.2015 to 14.11.2015 14.5% 14% - Service Tax 0.5% - Swachh Bharat Cess on Taxable Value Effective from 15.11.2015 to 31.05.2016 15% 14% - Service Tax 0.5% - Swachh Bharat Cess on Taxable Value 0.5% - Krishi Kalyan Cess on Taxable Value Effective from 01.06.2016 to 30.06.2017 (Prior to GST)  

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.