TEXTILE JOB WORK, WORKS CONTRACT, GTA,REN, AND CAB GST RATE CHANGED

TEXTILE JOB WORK, WORKS CONTRACT, GTA,REN, AND CAB GST RATE CHANGED

GST Council Changes Rates at 20th GST Council Meeting

1. Textile job works* reduced to 5%
2. *Government works contract* reduced to 12% with ITC
3. *Job work for printing books* and newspapers etc will be 12% (if only content provided by publisher and all input of paper etc belongs to printer)
4. *Job work for printing books* and newspapers will be 5% (if Input used belongs to publisher and not Printer)
5. *Agriculture Services* of post Harvest and storage reduced to 12%
6. *Entry to Planetarium* - rate reduced to 18%
7. *Rent a Cab Operator*-Allowed option of 12% GST with full ITC. 5% GST with no ITC will also continue
8. *GTA*- Allowed option of 12% GST with full ITC under forward charge. 5% GST with no ITC will also continue (However, the GTA has to give an option at the beginning of financial year)
9. *Tractor parts* would attract the Goods and Services Tax (GST) rate of 18 % instead of 28 % previously.
10. *Margin/commission* payable to Fair Price Shop Dealers by Central/ State Governments- 0%
11. In case of *housekeeping services* such as plumbers through E-commerce Operator, it is the liability of the aggregator to pay GST
12. Goods and services used specifically for the purposes *FIFA Youth World Cup* later this year in India has been exempted from GST.

S. No.		Description of service		From	To
1.		Job  work  services  in  respect  of  the  textiles  and  textile   products  (including MMF yarn, garments, made-ups, etc. falling in Chapters 50 to 63)		18%/5%	5%
2		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 for printing belongs to the printer		18% with full ITC	12%  with  full ITC
3		Services by way of printing of newspapers, books (including Braille books), journals and periodicals using physical inputs owned by others (including an unregistered publisher/supplier)		18% with full ITC	5%   with   full ITC
4		Works   contract   services   provided   to   Government,   local   authority   or governmental  authority  and in  respect  of   post-harvest storage infrastructure for agricultural produce, mechanized food grain handling system		18% with full ITC	12%  with  full ITC
5		Margin/commission  payable  to  Fair  Price  Shop  Dealers  by  Central/  State Governments		18% with full ITC	Nil
6		Admission to planetarium		28% with full ITC	18%  with  full ITC
7		Rent-a-cab service		Allowed   option   of  12%   GST with full ITC. 5% GST with no ITC will also continue
8		Goods Transport Agency Service (GTA)		Allowed   option   of  12%   GST with   full   ITC   under   forward charge.  5%  GST  with  no  ITC will   also   continue.   (However, the GTA has to give an option atthe beginning of financial year)
	9		In case of   small house-keeping service providers (plumbers/carpenters) providing services through Electronic Commerce Operators (ECO), liability to pay GST placed on ECO
	10		Partnership  firm  or  a  firm  includes  LLP  (  Limited  liability  Partnership)  for  the  purposes  of  levy   (including exemption therefrom) of GST on legal services.
	11		To clarify that legal services (including representational services)  provided by an individual advocate or a senior advocate or a firm of advocates (including LLP)  provided to a business entity in taxable territory are covered under reverse charge mechanism
	12		Goods required by FIFA and Services provided by and to FIFA and its subsidiaries in connection with FIFA U- 17 World Cup to be hosted in India in 2017 shall be exempted from GST
	13		New crop insurance schemes  Pradhan Mantri Fasal Bima Yojana (PMFBY)  introduced from Kharif  2016- 17 in place  of  National  Agricultural  Insurance  Scheme  (NAIS)  and  Modified  National  Agricultural  Insurance Scheme (MNAIS), and Restructured Weather Based Crop Insurance Scheme (RWCIS) introduced  in place of Weather Based Crop Insurance Schemes , shall be extended exemption from GST.