GST Rate on Travel Agents & Tour Operator Services in India

GST on Travel Agents and Tour Operators

GST is an indirect tax which is levied on the supply of goods and services of different kinds. The services provided by a travel agent or travel agency are also under the GST ambit. Here, we talk about the applicability and rate of GST on travel agents and tour operator services.

A travel agent is a person or entity that offers services related to planning, scheduling (booking) and managing trips/tours to their customers. The services provided by a travel company may include booking air/rail accommodation, cab hire, accommodation, sightseeing, etc. Read More

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GST Rates for Packers and Movers Services in India

GST Rate for Packers and Movers

Packers & movers are a specific kind of business where individuals with transporting needs are served. Moving from one place to another, either because of a job change or for some other reason, can be a hectic task. Besides the transporting expense, getting everything packed and loaded to the vehicle is another tiresome job. This is why Packers and Movers services are there. Read More

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Tax Applicability on High Sea Sales under GST Regime

High Sea Sales Under GST

In this article, we will discuss how the GST tax regime affects high sea sales and what are the GST rates for such supplies.

What are High Sea Sales?

High sea sales are the supplies that are performed when the affected goods are still on the high seas and have not reached the port yet. These transactions generally take place even before the bill of entry is filed. The importer in such transactions sales the goods to a third-party even before the consignment goes for customs clearance. These are treated as inter-state supplies under the GST regime. Read More

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GST Rate and Applicability on Medicines and Medical Supplies

GST Rate on Medicines

GST (Goods & Services Tax) regime was introduced in India in July 2017 to become the single indirect tax on the supply of goods and services. Under GST, various medical supplies and medicines are taxed according to the different rate segments, as illustrated below.

While the most crucial medical supplies such as human blood have been kept free of tax, premium medicinal products, including the ones containing nicotine polacrilex, attract 18% GST. A more detailed list is given below. Read More

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Form GST CMP 08 – Due Date, Penalty & Filing Procedure

Form GST CMP 08

CMP-08 is a GST return filing which was introduced in April 2019 to be effective from FY 2019-2020 onwards and applicable for composition dealers. It replaces the ongoing GSTR-4 quarterly form which is filed by composition dealers on a quarterly basis. In this article, you can read the complete information about the new Form GST CMP 08, the due date for filing, penalty for non-filing, and the filing procedure. Read More

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GST Rate on Electric Vehicles and Accessories in India

GST Rate on Electric Vehicles and Chargers

Government is putting an all-out effort towards the wide- adoption of Electric Mobility and the manufacturers had been behesting for slashing down the GST on electric vehicles. To boost the demands of EVs and to make it affordable, the government has been going the extra mile constantly.

And the seamless efforts of government nailed down at the 36th GST council meeting on July 27th, 2019 when it was concluded to abbreviate the GST rate on electric vehicles (EVs) and chargers for electric vehicles. This is the second booster shot for EVs in the last four weeks. Read More

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18% GST Rate on Housing Society Maintenance Charges

GST on Housing Society Maintenance

Goods and Service Tax (GST) on the security deposit payable by the tenant is undergoing a change which may get some good news for tenants. Simultaneously, alteration in GST for the homeowner may invite onus for the flat holder.

Now flat/homeowners will be required to pay 18% GST rate on society maintenance if they contribute more than Rs 7,500 to resident welfare association (RWA) every month as monthly maintenance charges. Read More

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