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Showing posts with label GST. Show all posts
Showing posts with label GST. Show all posts

Wednesday, 8 April 2020

21:17

Income Tax ,GST,Custom Refunds to be Released to benefit Business Entities and Individuals-Ministry of Finance

Income Tax ,GST,Custom Refunds to be Released to benefit Business Entities and Individuals-Ministry of Finance

Ministry of Finance
IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately ; Around 14 lakh taxpayers to benefit
All GST & CUSTOM refunds also to be released ; to provide benefit to around 1 lakh business entities including MSMEs Rs 18,000 crore of total refund granted immediately
Posted On: 08 APR 2020 6:16PM by PIB Delhi
In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, it has been decided to issue all the pending income-tax refunds up to Rs. 5 lakh, immediately. This would benefit around 14 lakh taxpayers.
It has also been decided to issue all pending GST and Custom refunds which would provide benefit to around 1 lakh business entities, including MSME. Thus, the total refund granted will be approximately Rs. 18,000 crore.

Source:PIBNEWS

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Thursday, 4 July 2019

08:32

Pension Coverage to Trading Community

Pension Coverage to Trading Community

Posted On: 03 JUL 2019 5:07PM by PIB Delhi
Retail is one of the primary forces driving India’s economy. As per Indian Brand Equity Foundation (IBEF) analysis, 2019, retail industry contributes 10 per cent to the country’s Gross Domestic Product (GDP) and around 8 per cent to employment. It is also extensively linked with other labour-intensive sectors, such as agriculture, food and beverage, textiles, construction, real estate, and logistics. Further, it indirectly generates job opportunities in allied (retail-related) sectors, including warehousing, logistics and packaging.
The Government has approved a pension scheme for shopkeeper’s/ retail traders and self-employed persons for providing monthly minimum assured pension of ₹3000/- for the entry age group of 18-40 years. It is a voluntary and contribution based central sector scheme. The salient features of the scheme are:
(i)      All shopkeepers/retail-traders/ self-employed persons in the age group of 18-40 years are eligible to be the member, on self-declaration.
(ii)     A shop keeper/ retail-trader /self-employed person if registered with GSTN, his/ her firm’s annual turnover should not exceed ₹1.5 crore.
(iii)    He/she should not be an income tax payee.
(iv)    He/she should not be a member of EPFO/ESIC/NPS/PM-SYM.
(v)     The Central Government’s share will be matching to the subscriber’s contribution
This information was given by the Minister of Commerce and Industry, PiyushGoyal, in a written reply in the Lok Sabha.
Source:PIBNEWS
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Sunday, 13 January 2019

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Thursday, 10 January 2019

07:51

Transparency in Catering :No Bill ,Your Meal is Free


Transparency in Catering :No Bill ,Your Meal is Free

Press Release No. 203 
Dt.   08.01.2019
SWR AIMS FOR TRANSPARENCY IN CATERING, TO
 PRINT “NO TIPS PLEASE, IF NO BILL, YOUR MEAL IS
 FREE” o­n FOOD PLATES AND COACHES
Addressing a high level review meeting o­n 3rd January, 2019 with the entire Railway Board, all General Managers of Zonal Railways and Divisional Railway Managers, Railway Minister Shri Piyush Goyal has issued directions that "No tips please; if no bill, your meal is free" - printed o­n a tin plate with a rate list of the menu be publicly displayed o­n all trains by March this year. All trains with catering facility should have rate list displaying prices of menu inclusive of GST and printed o­n a tin plate by March 2019.This move is to ensure transparency in catering services. South Western Railway in collaboration with IRCTC is taking up this exercise in 44 (Forty four) trains with pantry cars originating from SWR (list enclosed). It is expected that the following stickers will be provided in all the above 44 (Forty four) trains within 10 days.Minister also advised that PoS (point of sale) machines with swipe and bill generating machine should be distributed in all trains to all catering staff and TTEs by March 31, 2019, adding that this will take care of the complaints of oercharging by the caterer. 
1.POS machines in all trains/static units will be increased and issue of bills will be monitored.
2.Bill books with GST No. Will be ensured with the vendors in addition to POS machines.This will enable better monitoring of transactions
3.Licencees of catering contracts have been directed to issue QR code to vendors for accepting digital payment. These initiatives of promoting use of technology in catering are expected to boost the quality of services .As o­n in South Western Railway contracts for 100 trains are in place and all the vendors in the said trains shall transact through POS machines.
More over All kitchens/ RRs have been provided with CCTV camera and live streaming to Railway officers and o­n internet of the same is also made available for better quality control.

SWR appeals to passengers availing catering services in stations and o­n trains, to please insist for bills.                         
MOBILE CATERING UNITS (PANTRY CARS) OVER SWR: 
Sl. No.
PANTRY CAR & NAME OF THE TRAIN
1
16506/16505: SBC-GIMB-SBC Gandhidham Express
2
16508/16507: SBC-JU-SBC Jodhpur Express
3
16210/16209: MYS-AII-MYS Express
4
16532/16531: YPR-AII-YPR Garib Nawaz Express
5
12607/12608 Lalbag Express SBC-MAS-SBC
6
12609/12610 Bangalore Express SBC-MAS-SBC
7
16502/16501: SBC-ADI-SBC Ahmedabad Express
8
12779/12780: VSG-NZM-VSG Goa Express.
9
12079/12080: SBC-UBL-SBC Janashatabdi: (Mini Pantry)
10
12295/12296: SBC-PNBE-SBC Sanghamitra Express. (Pantry Car)
11
12629/12630: YPR - NZM - YPR Sampark kranti Express (Pantry Car)
12
12649/12650: YPR - NZM - YPR Sampark kranti Exp. (Pantry Car)
13
22685/86 YPR - CDG - YPR Sampark kranti Exp. (Pantry Car)
14
22691/22692 & 22693/94 SBC-NZM-SBC (Via Raichur) Rajdhani Express
15
12027/12028, SBC-MAS-SBC, Shatabdi Exp.
16
16533/34 SBC-JU Express (Weekly)
17
12253/54 YPR-BGP Weekly express
18
12781/12782 MYS-NZM-MYS Swarna Jayanti Express
19
12213/14 YPR-DEE-YPR Duronto Express
20
16561/62 YPR-KCVL-YPR AC Express
21
12726/28 SBC-NDLS-SBC Karnataka Express
22
82653/54 YPR-JP-YPR Suvidha superfast Express train
  
List of TSV contract over SWR
Sl. No
section
Train No.
1
SBC-UBL section                    (Mail/Express trains)
17309/17310
2
12725/12726
3
12777/12778
4
11021/11022 & 11005/11006
5
16535/16536
6
16589/16590
7
16201/16202
8
17315/17316
9
17311/17312
10
11035/11036
11
16205/16206
12
17313/17314
13
SBC-UBL section                    (Passenger trains)
56913/56914
14
56917/56918
15
56515/56516
16
56519/56520
17
56221/56222
18
56225/56226
19
56227/56228
20
56224/56223
21
56915/56916
22
56273/56274
23
56269/56270
24
56517/56518
25
56271/56272
26
56911/56912
27
56909/56910
28
57451/57452
29
56271/56272
30
56529/56530
31
SBC-JTJ Section (Mail/Express trains o­nly)
12539/12540
32
22617/22618
33
16519/16520
34
17209/17210
35
17311/17312
36
17313/17314
37
16613/16614
38
16521/16522
39
19567/19568
40
22607/22608
41
22601/22602
42
12777/12778
43
22352/22351
44
16565/16566
45
17315/17316
46
16315/16316
47
12684/12683
48
16525/16526
49
12639/12640

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Thursday, 27 September 2018

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Friday, 21 September 2018

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Thursday, 2 August 2018

07:45

Circular for Withdraw 5% GST on Catering Services

Circular for Withdraw 5% GST on Catering Services

CBIC withdraws Circular clarifying 5% GST on Catering Services to Railways
1 Aug 2018 
Categories Financial Commissioner, IR Finance & Accounts, Indian Railways
NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn its circular clarifying levy of five percent Goods and Services Tax ( GST ) on the catering services provided in Indian railways.
Earlier, the Board had issued an order clarifying that 5% Uniform rate of Goods and Services Tax applies to all railway catering services in trains or on stations.
In January, it was also clarified that the supply of food or drink provided by a mess or canteen is taxable at 5% without Input Tax Credit under the current Goods and Services Tax regime.
However, a few rulings by the Advance Ruling Authority of the different States had took a different view and held that a higher tax rate of 18 percent is applicable to such services.
However, the last meeting of the GST Council held on 21st July had cleared the ambiguity on the tax rates applicable on these services and decided to rationalize entry relating to the composite supply of food and drinks in the restaurant, mess, canteen, eating joints and such supplies to institutions (educational, office, factory, hospital) on contractual basis at GST rate of 5%.
The Council made it clear that the scope of outdoor catering under 7(v) is restricted to supplies in case of outdoor/indoor functions that are event-based and occasional in nature.
Accordingly, a notification in connection with the same had been issued by the board. “Hence, Circular No. 28/02/2018-GST, dated 08.01.2018 as amended vide Corrigendum dated 18.01.2018 and Order No 02/2018-Central Tax dated 31.03.2018 is withdrawn w.e.f 27.07.2018. Difficulty if any, in the implementation of this Circular may be brought to the notice of the Board,” the CBIC said.
Source:RailNews

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Sunday, 1 July 2018

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Saturday, 16 June 2018

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Wednesday, 30 May 2018

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Tuesday, 3 April 2018

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Sunday, 11 March 2018

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Wednesday, 29 November 2017

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Thursday, 17 August 2017

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Wednesday, 19 July 2017

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Monday, 17 July 2017

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Sunday, 16 July 2017

18:11

Catering charges of Standard Menu Items in Mail/Express trains & at static units on stations will not change even after 1st July,2017

Catering charges of Standard Menu Items in Mail/Express trains & at static units on stations will not change even after 1st July,2017
02      
04-07-2017
Bhubaneswar

Ministry of Railways is fully geared for the roll out of GST w.e.f. 1st July, 2017
Ministry of Railways is fully geared for the roll out of GST w.e.f. 1stJuly, 2017
Ø Exemptions granted from the levy of GST in respect of Passengers travelling in Second class, Metro, Sleeper Class.
Ø Exemption from levy of GST granted in respect of Transportation by Rail of Agricultural Produce, relief materials, milk, salt, food grain including flours, pulses and rice, railway equipment and materials, defence and military equipments,
Ø Catering charges of Standard Menu Items in Mail/Express trains & at static units on stations will not change even after 1st July,2017
Ø Catering charges of Rail Neer will also remain unchanged w.e.f 1st July,2017   
Bhubaneswar: 
Ministry of Railways is fully geared for the roll out of GST w.e.f. 1stJuly, 2017.The Indian Railway is the national carrier and undertakes billions of transactions annually for transportation of passengers and goods. A mammoth exercise has been undertaken to modify the ERP system of IR for issue of Passenger Tickets and Freight Invoices to capture GST related details. Similar exercise has been undertaken for non computerised services like way leave charges, parcels etc. Thus on 1stJuly 2017, all Railway tickets and invoices issued will be GST compliant. 
Railways are conscious of the need to minimize burden on our passengers. GST is restricted to 5% (in place of service tax of 4.5% levied earlier i.e. an increase of only 0.5%) for passengers travelling by rail only inFirst class and air-conditioned coaches.Similarly, GST on Transport of goods by rail will be 5% (in place of service tax of 4.5% levied earlier i.e. an increase of only 0.5%)  with exemption for essential goods like Milk and agriculture produce. 
Given the public utility service rendered by Ministry of Railways, some exemptions and relief in the transportation of passenger, catering & Goods services have been given which are mentioned briefly below: 
a) Exemptions have been granted from the levy of GST in respect of Passengers travelling in Second class, Metro, Sleeper Class, Transportation by Rail of Agricultural Produce, relief materials, milk, salt, food grain including flours, pulses and rice, railway equipment and materials, defence and military equipments, etc. 
b) Exemptions have been granted in respect of 
Services of leasing of assets (rolling stock assets including wagons, coaches, locos) by Indian Railways Finance Corporation to Indian Railways ; 
Inter-state movement of trains between stations/ workshops/ sheds/ depots, etc., for the purpose of : 
(1)  Carrying goods or passengers or both; or 
(2)  For repairs and maintenance; 
Ministry of Railway has initiated process of Registration in each State/UT. Provisional GSTIN numbers of Ministry of Railways in each State/UT are already notified.   In each State/UT, General Manager of a Zonal Railway has been nominated as the Principal Officer for taking care of GST compliance; 
 A series of detailed instructions have been issued to all Zonal Railways and Production Units to ensure full compliance with GST, and several workshops were organized for dissemination of rules, procedures and training of officers and staff. 
The entire instruction chain has been made available at website of MoR athttp://www.indianrailways.gov.in/railwayboard/view_section.jsp?lang=0&id=0,1,304,366,498,1856 
For off-line transaction, an utility has been created by Railways ERP manager, Centre for Rail Information System, to capture the transaction and facilitate submission of periodical returns in the GSTN portal. 
The Railways engaged consultants to guide the railways for transitional strategy and impact analysis. 
A GST Suvidha Provider is also being engaged to enable transmission of data of millions of Railway Transactions on to the  GSTN and for  submission of  GST Returns thereof. 
CRIS, the IT arm of Indian Railways has been geared up to make suitable software modifications in respect of transportation of freight & passengers. Other softwares relating to accounts and stores are also being modified. 
The impact of GST on different segments is detailed below: 
Passenger segment
● It has been decided to levy Goods & Services Tax (GST) in place of service tax including cess on transportation of passengers by rail. 
 ●  GST will be levied on the fare of passenger services in place of service tax (including cess) on the following classes:- 
 (i) AC first class (ii) Executive class (iii) AC-2 tier class (iv) AC-3 tier (v) AC chair car class (vi) AC economy class (vii) First class (viii) AC and first classes coaches of special trains/coaches on FTR (ix) All other type of first class and AC class coaches if any:-
●The rate of GST shall be 5% on total fares.(in place of 4.5% service tax levied earlier i.e. an increase of 0.5% only) 
● On concessional tickets GST shall be levied at the prescribed rate on total actual fare collected after concession/rebate. 
(i)In case of combined return journey ticketsfor AC & first class tickets, separate tickets for onward journey and return journey ticket may be issued in all cases whether for UTS tickets or for PRS tickets. However, for suburban UTS tickets for which journey originating/ terminating station is within the same state/same UTs issue of combined return journey ticket over suburban section shall continue.

(ii)Circular journey ticketsfor AC & first class ticketsshall be discontinued w.e.f. 01.07.2017. 
(iii) Issue of AC Class tickets from UTS counter shall be discontinued w.e.f. 01.07.2017. 
(iv) Issue of cluster tickets from PRSfor AC & first class ticketsshall be discontinued w.e.f. 01.07.2017. However, issue of cluster ticket in UTS shall continue. 
(v) In any other case if combined ticket are issued except season ticket the same will be discontinued and only point to point tickets will be issued in AC classes and First classes as proposed  above. 
 ● In case tickets were booked in advance along with service tax for journeys to commence on or after date of implementation of GST, the Goods & Service Tax difference of fare shall not be collected on the tickets booked in advance. The new GST shall be applicable on tickets issued on or after 01.07.2017. 
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 Catering Segment 
●The chargeable GST on catering services on railways is as under:- 
 (i) For static units not having facility of air conditioning or central heating at any time during the year- 12% with full Input Tax Credit (ITC) 
(ii) For Static units having facility of air conditioning or central heating at any time during the year- 18% with full Input Tax Credit (ITC)
(iii) For Rajdhani/Shatabdi/Duronto and other Mail/Express trains-18% with full Input Tax Credit (ITC)
(iv) GST on catering services of other premium trains like Tejas, Gatiman, Shivalik etc. shall be levied @ 18%.
 ●The above GST on catering charges is applicable w.e.f. 01.07.2017. 
●  The impact of new GST regime on catering will be as given below: 
a)   In case of, Mail/Express Trains, the charges of onboard catering ofStandard Menu Itemswill not changeeven after 1st July,2017 i.e. they will continue to be available on existing rates even after 1st July 2017 onwards- a big relief to passengers. 
b) In case of Rail Neer, the charges will remainunchangedeven after 1st July,2017- a big relief to passengers. 
c) In case of static catering units on stations, the charges of Standard Menu Itemswill not changeeven after 1st July,2017 i.e. they will continue to be available on existing rates even after 1st July 2017 onwards- a big relief to passengers.. 
d) In case of Rajdhani, Shatabdi, Duronto,Tejas etc trains where catering charges are included in the fare, the charges of catering component willchange/ get modifiedas per the new GST w.e.f 01st July,2017. 
----------------------------------------------------------------------------------------------------------------Parcel Segment 
●  It has been decided to levy Goods & Services Tax (GST) in place of service tax including Cess on transportation of Parcel traffic (leased or non-leased) by rail. 
 ●The detailed procedure for levy of GST on transportation of parcel traffic by rail shall be as under:-
 ● Goods and Service tax (GST) will be levied for transportation of all description of parcel traffic (leased or non-leased parcel traffic) and merchandise items (for commercial use) booked as luggage. 
 ● Luggage traffic i.e. personal baggage belonging to the travelling passengers, (Excluding merchandise items for commercial use), shall be exempted from GST. The details of other commodities exempted from GST shall be as under:- 
(i) Relief materials meant for victims of natural or man-made disasters, calamities, accidents or mishap 
(ii Defence of military equipments 
(iiiNewspaper or magazines registered with the Registrar of Newspapers 
(iv) Railway equipments or materials 
(v) Agricultural produce 
(viMilk, salt and food grain including flours, pulses and rice 
(vii) Organic manure 
● The rate of GST shall be 5% on total freight.(in place of 4.5% service tax levied earlier- an increase of 0.5% only) 
●  Goods & Services Tax will be levied on the total freight as reflected in the Parcel Way Bill and /or Luggage ticket and /or Money receipt (in case of leased traffic) issued on or after 01.07.2017 and it will be collected at the time of booking and preparation of Parcel Way Bill/Luggage ticket/Money receipt. 
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 Freight segment
 ●It has been decided to impose 5% GST rates on Goods & Service for transportation of Goods by rail.( It is in place of 4.5% service tax levied earlier i.e. an increase of only 0.5%)
 ● It will be levied on total freight charges. 
● This rate will also be applicable to all ancillary charges levied on transportation of Goods Traffic. 
● Some essential commodities which have been exempted from levy of GST as given below: 
a) Relief material for victims of natural or manmade disasters, calamities, accidents or mishaps. 
b) Defence or military equipments
c) Newspapers or magazine registered with the registrar of newspapers. 
d) Railway Equipments or materials 
e) Agriculture produce 
f) Milk, salt and foodgrain including flours, pulses & rice 
g) Organic manure.
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