Service sector is one of major contributor of GDP of the Indian economy. Till implementation of GST, the Central Government had been levying service tax on the taxable services. The provisions relating to service tax were being governed by Chapter VI of the Finance Act, 1994. After implementation of the Goods and Services Tax law, the service tax stood subsumed within the GST regime. Hence, currently both State Government as well as Central Government is imposing GST on the taxable services.
Presently, almost all services, other than those specifically exempted under Notification No. 12/2017-Central Tax (Rate), dt. 28-6-2017, are chargeable to tax under the GST regime. The rates of CGST on services are notified under Notification No. 11/2017-Central Tax (Rate), dt. 28-6-2017 and rate of IGST on the services are notified under Notification No. 8/2017-Integrated Tax (Rate), dt. 28-6-2017. Services on which CGST and IGST is chargeable on Reverse Charge Mechanism are notified under the Notification No. 13/2017-Central Tax (Rate), dt. 28-6-2017 and Notification No. 10/2017-Integrated Tax (Rate), dt. 28-6-2017.
The threshold limit for getting registered compulsorily under the GST regime for supplier of services is Rs. 20 lakh (Rs. 10 lakh for special category States). However, a service provider may voluntarily get registered under the GST and pay GST irrespective is his turnover.
The present book GST on Services A Working Commentary covers the entire gamut of nature and scope of levy of GST on almost all taxable services falling within the ambit of the GST regime and those specifically exempted from levy of GST.
The present book has been divided into the following two parts, namely;
Part I : Substantive Provisions vis--vis Taxable Services
Part II : Commentary on GST on Services
Part I comprises eight chapters relating to substantive provisions relating to taxable services under the GST regime i.e., Overview of Scheme of GST Provisions, Time of Supply of Services, Place of Supply of Services, GST on Import of Services, GST on Export of Services, Composition Scheme vis--vis Taxable Services, Reverse Charge on Taxable Services and Value of Taxable Supply.
Part II contains 52 Chapters covering commentary on about all types of services that are covered by the GST regime. Each chapter comprises classification of services, rates of tax applicable to that particular category of service, services that are specifically exempted within that category, services chargeable to tax on RCM basis, valuation rules and also place of supply provisions applicable to that particular service. Each chapter is followed by a detailed Explanatory Notes on the Classification of Services applicable to that particular category of service.
The ratios of landmark judicial pronouncements as well as Advance Rulings pronounced by the Authority for Advance Ruling (AAR) have been incorporated at the relevant place so as to make the book complete in all respect.
The rates on taxable services are updated in view of the amendments notified by Notification No. 15/2025-Central Tax (Rate), dt. 17-9-2025, effective from 22-9-2025. The list of exempted services is updated in view of the amendments made by Notification No. 16/2025-Central Tax (Rate), dt. 17-9-2025, w.e.f. 22-9-2025.
In sum, the books covers everything relating to levy or otherwise of GST on the almost all services.
We believe that the book would prove to be of immense use for the Chartered Accountants in Practice as well as those in industry, Advocates, GST Practitioners and Tax Consultants.
Notwithstanding the best of our care, the likelihood of certain shortcomings having crept into this book cannot be ruled out. We, therefore, solicit creative feedback from our esteemed readers to bring to our notice any mistakes, errors, omissions or discrepancies, as and where noticed by them.
|
JODHPUR |
|
|
24 OCTOBER, 2025 |
CA. SATYADEV PUROHIT |