CBEC issues Clarification regarding GST in respect of activity of Bus Body Building, Retreading of tyres, Priority Sector Lending Certificates and activities carried by DISCOMS

Mar 01, 2018 | by Avantis RegTech Legal Research Team

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The Ministry of Finance on March 01, 2018 has issued clarification with regard to the following issues as approved by the Fitment Committee to the GST Council in its meeting held on 9th, 10th and 13th January 2018:

·       Whether activity of bus body building, is a supply of goods or services?

·       Whether retreading of tyres is a supply of goods or services?

·       Whether Priority Sector Lending Certificates (PSLCs) are outside the purview of GST and therefore not taxable?

·       Whether the activities carried by DISCOMS against recovery of charges from consumers under State Electricity Act are exempt from GST?

·       Whether the guarantee provided by State Government to state owned companies against guarantee commission, is taxable under GST?

[Circular No. 34/8/2018-GST]

URL: http://www.cbec.gov.in/resources//htdocs-cbec/gst/circularno-34-cgst.pdf


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