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gst impact on different sectors

GST on security services

Any registered person receiving security services from any person other than a body corporate is required to pay GST under the reverse charge mechanism (RCM)....

GST on remuneration paid to directors

In order to determine the applicability of GST on remuneration to directors, we first need to conclude whether the director is an employee of the company or not....

GST on Goods Transport Agency (GTA)

GST will apply to the service of transportation of goods by road only if services are provided by GTA or courier agency....

GST on freelancer services

All GST provisions relating to service providers shall apply to freelancers. GST rate would be 18% for freelancer services if no specific rate is notified...

Imports under GST

Under the GST regime, import of goods or services shall be deemed to be inter-state supplies and would be subject to Integrated tax. ...

GST on rental income

Renting immovable property in India is a taxable service and would attract GST @18%. Provisions in GST on rental income from shop, office, residential property....

Derivatives, futures and forward contracts in GST

Whether GST will applicable on derivatives futures and forward contracts? Service charges, documentation fees, broking charges would be liable to GST....

GST on restaurant services

Compliances, procedures and tax rates for restaurants under Goods and Services Tax. Know GST input tax credit provisions applicable to restaurant services....

GST on bloggers

Compliances, procedures and applicable tax rates for bloggers under Goods and Services Tax. GST rate on blogging services is 18%....

Job work under GST

GST law provides that the principal can claim the credit of tax paid on inputs sent to the job worker. GST rate and registration rules applicable to job work services....

GST on works contract services

The works contractor shall be entitled to claim GST credit on all input used in the supply of works contract services subject to the provisions of section 17(5)(e) of the GST Act....