Service Tax Exemptions to be continued in GST as decided by GST Council for SERVICES

Service Tax Exemptions to be continued in GST as decided by GST Council for SERVICES

1. Services relating to cultivation of plants and rearing of all life forms of animals, except the rearing of horses, for food, fibre, fuel, raw material or other similar products or agricultural produce by way of—

(i) agricultural operations directly related to production of any agricultural produce including cultivation, harvesting, threshing, plant protection or testing or (ii) supply of farm labour; (iii) processes carried out at an agricultural farm including tending, pruning, cutting, harvesting, drying, cleaning, trimming, sun drying, fumigating, curing, sorting, grading, cooling or bulk packaging and such like operations which do not alter the essential characteristics of agricultural produce but make it only marketable for the primary market; (iv) renting or leasing of agro machinery or vacant land with or without a structure incidental to its use; (v) loading, unloading, packing, storage or warehousing of agricultural produce; (vi) agricultural extension services; (vii) services by any Agricultural Produce Marketing Committee or Board or services provided by a commission agent for sale or purchase of agricultural produce.

2. Services by the Reserve Bank of India

3. Services by a foreign diplomatic mission located in India

4. Services by Government or a local authority excluding the following services—

(i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport; (iii) transport of goods or passengers; or (iv) any service, other than services covered under clauses (i) to (iii) above, provided to business entities.

5. Service by way of access to a road or a bridge on payment of toll charges

6. Transmission or distribution of electricity by an electricity transmission or distribution utility

7. Services by way of transportation of goods

(i) by road except the services of—

 (A) a goods transportation agency; or

 (B) a courier agency;

(ii) by inland waterways;

8. Services by way of—

(i) extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services);

(ii) inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers;

9. Services by way of renting of residential dwelling for use as residence

GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL at 28%

SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL

GST RATE FOR Services by way of admission to entertainment events or access to amusement facilities including exhibition of cinematograph films, theme parks, water parks, joy rides, merry-go rounds, go-carting, casinos, race-course, ballet, any sporting event such as IPL and the like; 28% With Full ITC

GST RATE FOR Accommodation in hotels including 5 star and above rated hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes, where room rent is Rs 5000/- and above per night per room 28% With Full ITC

GST RATE FOR Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration (supply of service) to attract the same GST rate and compensation cess as applicable on supply of similar goods which involves any transfer of title in goods (supply of goods)  - Same rate of GST and compensation cess as on supplyof similar goods.

GST RATE FOR Services provided by a race club by way of totalisator or a licensed bookmaker in such club; 28% With Full ITC

GST RATE FOR Gambling; 28% With Full ITC

GST RATE FOR Supply of Food/drinks in air-conditioned restaurant in 5-star or above rated Hotel 28% With Full ITC

GST RATE FOR Any transfer of right in goods or of undivided share in goods without the transfer of title thereof (supply of services) to attract the same GST rate and compensation cess as applicable on supply of similar goods which involves any transfer of title in goods (supply of goods). Same rate of GSTand compensation cess as on supply of similar goods

GST RATE FOR Supply consisting of transfer of title in goods under an agreement which stipulates that property in goods shall pass at a future date upon payment of full consideration as agreed (supply of goods): value of leasing services shall be included in the value of goods supplied. GST and compensation cess as on supply of similar goods

GST RATE FOR All other services not specified elsewhere 18% With Full ITC

GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL AT 18%

SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL AT 18%

GST RATE FOR Supply of Food/drinks in restaurant having licence to serve liquor - 18% With Full ITC

GST RATE FOR Supply of Food/drinks in restaurant having facility of air-conditioning or central heating at any time during the year 18% With Full ITC Supply of Food/drinks in outdoor catering - 18% With Full ITC

GST RATE FOR Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes where room tariff of Rs 2500/ and above but less than Rs 5000/- per room per day - 18% With Full ITC

GST RATE FOR Bundled service by way of supply of food or any other article of human consumption or any drink, in a premises (including hotel, convention center, club, pandal, shamiana or any other place, specially arranged for organizing a function) together with renting of such premises - 18% With Full ITC

GST RATE FOR Services by way of admission or access to circus, Indian classical dance including folk dance, theatrical performance, drama -18% With Full ITC

GST RATE FOR Composite supply of Works contract as defined in clause 119 of section 2 of CGST Act - 18% With Full ITC

SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL

SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL

Serial no.	DESCREPTION OF SERVICE	GST RATES
1	Services by way of job work in relation to printing of newspapers;	5% With Full ITC
2	Selling of space for advertisement in print media	5% With Full ITC
3	Leasing of aircrafts under Schedule II [5 (f)] by a scheduled airlines for scheduled operations	5% with ITC of input services
4	Supply of tour operators’ services	5% No ITC
5	Temporary transfer or permitting the use or enjoyment of any Intellectual Property (IP) to attract the same rate as in respect of permanent transfer of IP;	12% with full ITC
6	Construction of a complex, building, civil structure or a part thereof, intended for sale to a buyer, wholly or partly. [The value of land is included in the amount charged from the service recipient]	12% With Full ITC but no refund of overflow of ITC
7	Services provided by foreman of chit fund in relation to chit	12%with ITC of input services
8	Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes having room tariff Rs.1000 and above but less than Rs.2500 per room per day	12% With Full ITC
9	Supply of Food/drinks in restaurant not having facility of air-conditioning or central heating at any time during the year and not having licence to serve liquor.	12% With Full ITC
10.	Transport of passengers by air in other than economy class	12% With Full ITC
11.	Transport of goods in containers by rail by any person other than Indian Railways	12% With Full ITC

SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL

SCHEDULE OF GST RATES FOR SERVICES AS APPROVED BY GST COUNCIL 1 The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28% as listed below. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law.

Serial no.	DESCREPTION OF SERVICE	GST RATES
1	Transport of goods by rail	5%with ITC of input services
2	Transport of passengers by rail (other than sleeper class)	5%with ITC of input services
3	Services of goods transport agency (GTA) in relation to transportation of goods [other than used household goods for personal use]	5% No ITC
4	Transport of goods in a vessel including services provided or agreed to be provided by a person located in non-taxable territory to a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India	5%with ITC of input services
5	Services of goods transport agency in relation to transportation of used household goods for personal use.	5% No ITC
6	Transport of passengers, with or without accompanied belongings, by air, embarking from or terminating in a Regional Connectivity Scheme Airport.	5% with ITC of input
7	Transport of passengers, by- (i) Air conditioned contract/stage carriage other than motor cab; (ii) a radio taxi.	5% No ITC
8	Transport of passengers by air in economy class	5% with ITC of input services
9	Renting of motor cab (If fuel cost is borne by the service recipient, then 18% GST will apply)	5% No ITC

GST RATE SCHEDULE FOR GOODS -As per the GST Council Meeting held on 18th May, 2017

The fitment of rates of goods were discussed today during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes.GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet to be decided by the GST Council. The footnote below the table gives the list of such goods.

01. Live animals

a) NIL for All goods other than live horses [0101 Live asses, mules and hinnies 0102 Live bovine animals 0103 Live swine 0104 Live sheep and goats 0105 Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. 0106 Other live animal such as Mammals, birds, Insects] ---- NIL

b) 12% for Live horses [01012100,010129]

02 ) Meat and edible meat offal

a) NIL for All goods other than in frozen state  and put up in unit containers. [0201 Meat of bovine animals, fresh and chilled. 0203 Meat of swine, fresh or chilled. 0204 Meat of sheep or goats, fresh or chilled. 0205 Meat of horses, asses, mules or hinnies, fresh or chilled. 0206 Edible offal of bovine animals, swine, sheep, goats, horses, asses, mules or hinnies, fresh or chilled. 0207 Meat and edible offal, of the poultry of heading.

b) 12% for All goods in frozen state and put up in unit containers [0202, 0203, 0204, 0205, 0206, 0207, 0208, 0209] 2. Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, salted, in brine, dried or smoked put up in unit containers [0209] 3. Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and meals of meat or meat offal put up in unit containers [0210]