Tag Archives: CBIC

CBIC clarifies applicability of GST on various goods and services

Applicability of GST on Fortified Toned Milk:  Representations have been received seeking clarification regarding applicability of GST on Fortified Toned Milk. Milk is classified under heading 0401 and as per S.No. 25 of notification No. 2/2017-Central Tax (Rate) dated 28.06.2017, fresh milk and pasteurised milk, including separated milk, milk and cream, not concentrated nor containing …

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GST applicable on Transfer of Tenancy Right: CBIC

Transfer of tenancy rights to a new tenant against consideration in the form of tenancy premium is taxable

Central Board of Indirect Taxes and Customs ( CBIC ), today , vide Circular No.44/18/2018-CGST, dated 2nd May,2018 clarified Issue related to taxability of ‘tenancy rights’ under GST. It clarified that services provided by the outgoing tenant by way of surrendering the Tenancy Rights against consideration in the form of …

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