Tuesday, July 7, 2020

18% applicable on GST on Depository Contribution Works: AAR [Read Order]

The Tamil Nadu Authority of Advance Ruling (AAR) ruled that Depository Contribution Works is classifiable under SAC 99873 and the applicable rate of tax is 9% of CGST and 9% as SGST is applicable. The applicant, M/s Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) is a subsidiary of Tamil Nadu Electricity Board Limited (TNEB). […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2VSYXpr

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