Is GST applicable on drinking water?
Table of Contents
Is GST applicable on drinking water?
Under GST, drinking water packed in 20-litre bottles are liable to 12 per cent tax and waters, including natural or artificial mineral waters and aerated water, not containing added sugar or other sweetening matter are taxed at 18 per cent.
Which services are covered under reverse charge mechanism?
SERVICES UNDER REVERSE CHARGE AS APPROVED BY GST COUNCIL
| Sl. No. | Provider of service | Percentage of service tax payable by service provider |
|---|---|---|
| 1 | Any person who is located in a nontaxable territory | Nil |
| 2 | Goods Transport Agency (GTA) | Nil |
| 3 | An individual advocate or firm of advocates | Nil |
| 4 | An arbitral tribunal | Nil |
Is reverse charge mechanism applicable only to services?
Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons) will apply, starting from 1st Feb 2019, only on specified goods/services and specified persons.
Is water supply exempt from GST?
Supply of drinking water to the public through mobile tankers or dispensers by a charitable organisation is taxable at 18 per cent under the GST, AAR has ruled. The said supply is not covered under exemption and taxable at 18 per cent…,” it noted.
On which expenses reverse charge is applicable?
Current Situation in Reverse Charge Mechanism (RCM) In the present scenario, the reverse charge mechanism is applicable in service tax for services like Insurance Agent, Manpower Supply, Goods Transport Agency, etc. Unlike Service Tax, there is no concept of partial reverse charge.
What is reverse charge in GST with example?
Example – A trader who is registered in GST takes services of Goods Transport Agency (GTA) for Rs. 10,000. This service is listed under the reverse charge list therefore trader has to pay tax @ 18\% on Rs. 10,000 on RCM.
Is bottled water GST exempt?
Bottled Water: If you buy it as takeaway, it is GST free, if you buy it and drink it at a restaurant with your meal it includes GST in the price. Mixed fruit & nuts: They are GST free, unless they include banana chips, then they include GST.