The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines on different types of declared services under GST. Declared services are those services that have been notified by the government as services to which certain provisions of the GST law are applicable.
Here are some of the types of declared services and the relevant provisions of the GST law:
Support services for agriculture, forestry, fishing or animal husbandry:
1. These services are subject to GST under the reverse charge mechanism (RCM), which means that the recipient of the services has to pay the tax.
Services provided by the Government or local authority:
2. These services are also subject to GST under RCM.
Services provided by an individual advocate or a firm of advocates:
3. These services are exempt from GST.
Services provided by way of sponsorship:
4. These services are subject to GST and the recipient of the services has to pay the tax.
Services provided by way of renting of immovable property:
5. These services are subject to GST under RCM. However, if the recipient of the services is a registered person and the property is used for business purposes, then the recipient can claim Input Tax Credit (ITC) for the tax paid.
Services provided by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India:
6. These services are exempt from GST.
Services provided by way of transportation of goods by an aircraft from a place outside India up to the customs station of clearance in India:
7. These services are subject to GST, but are zero-rated, which means that no tax is payable on these services. However, the supplier of the services can claim ITC for the tax paid.
These are some of the types of declared services under GST and their relevant provisions. It is important for businesses to be aware of these provisions to ensure compliance with the GST law.
Here are some frequently asked questions (FAQs) about the Central Board of Indirect Taxes and Customs (CBIC) guidelines on different types of declared services under GST:
A: Declared services are those services that have been notified by the government as services to which certain provisions of the GST law are applicable.
A: Yes, support services for agriculture, forestry, fishing or animal husbandry are subject to GST under the reverse charge mechanism (RCM).
A: Yes, services provided by the government or local authority are subject to GST under RCM.
A: No, services provided by an individual advocate or a firm of advocates are exempt from GST.
A: Yes, services provided by way of sponsorship are subject to GST and the recipient of the services has to pay the tax.
A: Yes, services provided by way of renting of immovable property are subject to GST under RCM.
A: No, services provided by way of transportation of goods by a vessel from a place outside India up to the customs station of clearance in India are exempt from GST.
A: Yes, services provided by way of transportation of goods by an aircraft from a place outside India up to the customs station of clearance in India are subject to GST, but are zero-rated.
It is important for businesses to be aware of these provisions and to ensure compliance with the GST law to avoid any adverse impact on their business.
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