Union Government exempts import of aircraft, aircraft engines from ambit of GST

11 July 2017, 12:18 | Myrtle Hill

India marches towards tax transparency: Modi

Goods and Services Tax GST North east,TCCI

"It may be mentioned that the tax incidence on this item before and after GST is the same or less", the ministry said here in a statement. This tool will empower the taxpayers to know the correct GST rates on goods and services.

The search can be made based on description of goods or services or HSN Code or heading number.

"Goods intended for import into or export from the territories of either Contracting Party from or to a third country shall be accorded freedom of transit through the territories of the other party". After downloading the app from Google Play Store, User can easily access the bunch of features available in app layout.

The Shipping Ministry in an appeal before the GST council has asked for an exemption under the newly implemented Goods and Services Tax (GST).

The Congress will press for a reduction in tax rates and demand a cap of 18 per cent, besides seeking to bring petroleum, electricity and real estate under the new tax regime, the former finance minister told reporters. GST, he said, is an example of cooperative federalism as the centre and states together thrashed out the new law with consensus.

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CBEC has launched the GST rates mobile app with the key objective of facilitating the ease of doing business in India initiative.

According to the traders and freight forwarders, the authority at the Kolkata Port earlier used to impose 15 percent logistic service charge on goods imported from third countries.

Fund Minister Arun Jaitley propelled GST Rate Finder Mobile App and online interface cbec-gst.gov.in to check precise expense rates.

The pop-up window will also contain the description of goods or services and the chapter heading of the Harmonised System of Nomenclature (HSN).

It can be downloaded on any smartphone phone and works in offline mode as well. At the portal, a taxpayer can search for applicable CGST, SGST, UTGST rate and the Compensation Cess on a particular supply.



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