CBEC issues notifications for amending tax rates on specified services
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1 from India Tax & Regulaty Services CBEC issues notifications f amending tax s on specified services August 24, 2017 In brief The CBEC has issued notification nos /2017-Central Tax (Rate) dated 22 August, 2017 amending tax s on specified services. In detail The details of changes made in each of the notifications are as follows: Notification no. 20/2017 change in effective s of services 1 Composite supply of contracts supplied to the Government, local authity Governmental authity (e.g. canal, dam other irrigation wks, water pipeline, water treatment plant, sewarage treatment plant etc.) 2 Composite supply of contracts f listed infrastructure projects (e.g. roads, bridges, pollution control effluent treatment plant except located as a part of facty etc.) as as
2 3 Composite supply of contracts f listed infrastructure projects (railways excluding monail and metro, low cost housing meeting specific, etc.) as as 4 Transpt of passengers by mot cab where the cost of fuel is included in the consideration charged from the service recipient 12% (with If the service supplier opts to avail ITC, he needs to levy 5 Services provided by GTA in relation of transpt of goods (including used house hold goods f personal use), including suppting services ITC under reverse 12%(with ITC under fward ITC under reverse GTA opting to pay tax under fward charge and claiming credit, will be hencefth liable to pay on all GST services supplied by him. 6 Renting of mot-cab where the cost of fuel is included in the consideration charged from the service recipient 12% (with If the service supplier opts to pay he can avail ITC. 7 Services by way of job wk f textile products other than textile yarns (other than of manmade fibres) and textile fabrics 8 Services by way of treatment process on goods belonging to another person, in relation to printing of newspapers 5% 18% The jobwk f textile yarns (other than of manmade fibres) and textile fabrics was already subject to 5% and the lower of tax has been extended to job wk of all other textile products as well. 5% 18% PwC Page 2
3 9 Services by way of printing of newspapers, books (including Braille books), journals and periodicals, where only content is supplied by the publisher and the physical inputs including paper used f printing belong to the printer as 12% 18% as 10 Services by way of admission access to planetarium 18% It is a new entry. Notification no. 21/2017 exemptions from GST on services Nature of services Conditions 1 Services provided by and to FIFA and its subsidiaries directly indirectly related to any of the events under FIFA U-17 Wld Cup 2017 to be hosted in India Direct (Spts), Ministry of Youth Affairs and Spts certifies that the services are directly indirectly related to any of the events under FIFA U-17 Wld cup Services provided by fair price shops to Central Government by way of sale of wheat, rice and coarse grains under PDS f consideration in the fm of commission margin 3 Service provided by fair price shops to State Governments Union territies by way of sale of kerosene, sugar, edible oil, etc. under PDS f consideration in the fm of commission margin 4 General insurance services provided under Restructured Weather Based Crop Insurance Scheme The wds Weather Based Crop Insurance Scheme the Modified National Agricultural Insurance Scheme are replaced by Restructured Weather Based Crop Insurance Scheme in entry 35 (h) of the notification 12/2017. PwC Page 3
4 Nature of services Conditions 5 General insurance services provided under Pradhan Mantri Fasal Bima Yojana (PMFBY) The wds National Agricultural Insurance Scheme (Rashtriya Krishi Bima Yojana) are replaced by Pradhan Mantri Fasal Bima Yojana (PMFBY) in entry 35 (j) of the notification 12/2017. Further, an explanation is inserted in the notification, mentioning that f the purpose of this notification, a Limited Liability Partnership (LLP) fmed and registered under the provisions of the LLP Act, 2008 shall be considered as a partnership firm firm. Notification no. 22/2017 amendments in the services, where GST is payable under reverse charge A consequential amendment is made to exclude from reverse charge liability, the cases where GTA is paying under fward charge. Further, an explanation is inserted in the notification, mentioning that f the purpose of this notification, a LLP fmed and registered under the provisions of the LLP Act, 2008 shall be considered as a partnership firm firm. Notification no. 23/2017 amendments in the list of services, where the e- Commerce operat is liable to pay GST In the list of services, where the e- Commerce operat is liable to pay GST if the services are supplied through it, the following service is added: Services by way of housekeeping, such as plumbing, carpentering etc., except where the person supplying such service through electronic commerce operat is liable f registration under section 22(1) of the CGST Act. PwC comments These amendments give effect to the decisions taken by GST Council during the meeting on 05 August, The reduction in of tax f composite supply of wks contract services f specified projects would reduce the impact on the cost of such projects. The projects covered are similar to the projects exempt under the mega exemption notification in the service tax law. Let s talk F a deeper discussion of how this issue might affect your business, please contact your local PwC advis PwC Page 3
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