Gst rate on job work charges
WebOct 9, 2024 · So, any job worker carrying out any treatment or process belonging to another registered person, he should charge 12% GST in residuary cases as per clause (id). However, if the principal is unregistered, the person carrying out the process should charge 18% in terms of clause (iv). Web7. GST on overloading charges at toll plaza. 7.1 Representations have been received seeking clarification regarding applicability of GST on Overloading charges collected at Toll Plazas. 7.2 Entry 23 of notification No. 12/2024-Central Tax (Rate) dated 28th June, 2024, exempts Service by way of access to a
Gst rate on job work charges
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WebNov 21, 2024 · Thus, after the above notification the job work service of dyeing and printing on the textile yarn and fabric has been removed from 5% GST rate and now the same … WebJun 15, 2024 · In the first days of sales tax, there was a taxable dilemma u / 9 (4). But from October 2024, it was made clear that it was not taxable at all. If the invoice is charged as …
WebDec 12, 2024 · The doubts have been raised with regard to scope of the notification entry at item (id) under heading 9988 of Notification No. 11/2024-Central Tax (Rate) dated 28- 06-2024 inserted with effect from 01-10-2024 to implement the recommendation of the GST Council to reduce rate of GST on all job work services, which earlier attracted 18 % … WebNov 13, 2024 · 12% GST on Job Work Services such as Anodizing, Plating, on Goods/Materials belonging to Registered Persons: AAR CST & VAT / GST 12% GST on Job Work Services such as Anodizing, Plating, on Goods/Materials belonging to Registered Persons: AAR [Read Order] By Taxscan Team - On November 13, 2024 …
WebNov 18, 2024 · Using GST SAC code, the GST rates for services are fixed in five slabs namely 0%, 5%, 12%, 18% and 28%. Note: If a service is not exempted from GST or if … Web4 rows · Oct 11, 2024 · As per the above-mentioned definition, Principal shall be registered person to qualify Job Work ...
WebJan 27, 2024 · The service of Jobwork has been taxed in the HSN code 9988. Various tax rates in this chapter are as follows. Now as it is evident from entry (id) in Chapter 9988 that, ANY JOBWORK OTHER THAN (i), (ia), (ib) & (ic) will attract the new GST rate of 12%. This entry previously had the tax rate of 18%.
WebJune, 2024. The issue-wise clarifications as recommended by the GST Council are below: 3. Rate of GST applicable on supply of ice-cream by ice-cream parlors during the period from 01.07.2024 to 05.10.2024 3.1 thOn the recommendation of the GST Council in its 45 meeting, it was clarified vide circular layout for tarot cardsWebSep 30, 2024 · Rate of GST reduced from 5% to 1.5% on supply of job work services in relation to diamonds. For engineering related services other than bus body bldg. The rate of GST reduced from 18% to 12% on supply of machine job work such as in engineering industry, except supply of job work in relation to bus body building which would remain … katie mosher clearwaterlayout for th3Webthe period from 1.07.2024 to 31.12.2024. With effect from 1.1.2024, the rate schedule has been specifically amended and it is undisputed since then that such service attracts GST … katie morag teaching ideasWebFeb 11, 2024 · Explore our Full detailed Article on TDS. TDS on job work is required to be deducted under Section 194C of the Income Tax Act, 1961 at the rate of 1% or 2% (as … layout for tileWebOct 15, 2024 · Considering the definition of job work and the amendment made by the notification, treatment or process on goods belonging to a registered person (if not falling under other entries of 17 (i) would be liable @ 12%. So if your principal is a registered person then gst @12% will be applicable from 1st oct 19 2 Dated: 16-10-2024 By:- … katie mitchell characterWeb(1) Those with AATO more than Rs.5 crore – Half-yearly from April-September- due on 25th October and October-March due on 25th April. (2) Those with AATO up to Rs.5 crore – … katie morag and the big boy cousins