News Update

ACC approves senior level appointmentsPressure mounts on Centre to cut excise duty on Petrol & Diesel prices; Some States may follow suit but not TNPublic Notice No. 33/2018 - Teething troubles faced by importers (See 'TOG INSIGHT' in '')CX - Valuation -S.4 of CEA, 1944 - Price prevailing for sale at depot immediately 'prior' to clearance from factory gate was to be adopted: CESTATThe new AEO SchemeI-T - if assessee fails to produce certain documents, it does not legitimise AOs presumption that transactions were not genuine: HCForeign Players Participating in IPL - Hit by GST?ST - Site Transfer activity involves processing of goods not amounting to manufacture and, therefore, same are taxable under 'BAS' - services partly performed outside India is also export - rebate available: CESTATGovt working on solution to rise in fuel prices, says PradhanGST Council holds joint meeting with CST & SGST officials in Hyderabad; happy with close coordinationOMCs hike diesel price by 26 paisa & Petrol price by 33 paisa per litre from todayGovt aims at reducing dwell time to 24 hours at ICD, say Mumbai Chief CommissionersWTO Members debate over fisheries subsidiesPM dedicates Kishanganga Hydro Project to Nation in SrinagarYeddyurappa Govt resigns before floor test; CM delivers emotional speechDemocracy under lens - SC orders live telecast of floor test in Karnataka Assembly todayI-T - if assessee fails to produce certain documents, it does not legitimise AOs presumption that transactions were not genuine: HCE-way bill required for supplies within Union Territories w.e.f 25.05.2018I-T - Income surrendered during search can be set off against business loss for AY 2013 -14 as amendment in Sec 115BBE is operative only from AY 2017-18: ITATACC clears Jharkhand Cadre IAS Amit Khare as new I&B Secretary + Anup Wadhawan to take over as Commerce Secretary + Dr M M Kutty to be new Petroleum SecretaryData Security & Privacy - Parliamentary Panel invites inputsBRICS Summit - India calls for judicious use of resourcesUS Trade Deficit - Trump flays ChinaI-T - If any industrial undertaking avails benefits under Ss 80-IA & 80-IB, it is still entitiled to avail Sec. 80-IC benefits: SCGSTR-3B - Govt extends deadline till May 22AP Govt looking for deputationists for GST postsGoyal reviews coal supply to power plantsDate for mandatory digital payment through e-MPS is extended to 01.06.2018Testing of Samples at outside laboratories - more entities addedSuspension of inter-state E-Way Bill on or after February 2, 2018 - a myth?GST - Is it worth reviving the 'Exorcised Ghost' of Sugar Cess?



GST Circular 28 - Board makes a 'mess' of college hostel mess fees

Corrigendum to circular no 28

Sir, it is nice article and quick response there on. Rate of 5% vide Sl.No. 7(i) of 11/2017-CT is not a conditional one, like 5% without ITC and 18% with ITC, as indicates in the circular. It specifies the rate of 5% and NO ITC. Still the circular is not comprehensive in the subject matter. Canteen services provided by educational institute to other than it's students, faculty and staff , like provided to visitors are still taxable. Further the wordings ".... supply of service at entry (i) of notification No. 11/2017-CT (Rate) [as amended vide notification No. 46/2017-CT (Rate) dated 4.11.2017] to the concerned educational institution..." are not clear. Services provided by outsider to the educational institute would be catering services and the same provided to educational institute (providing education upto 10+2) are exempted vide 66(b) of 12/2017 and in case same provided to other educational institutes it would attract 18% (with ITC) vide sl.No. 7(v) of 11/2017. However, in the context of circular, if such services are provided by outside contractors to the students, staff or anybody in the canteen located in the educational institute it would be services which attract 5% (no ITC) vide Sl.No. 7(i) of 11/2017. Hence, it appears some more clarity is required in this regard

mallikarjun reddy c 22/01/2018