Shipping Ministry urges exemption on cruise tourism under GST to boost sector

Shipping Ministry urges exemption on cruise tourism under GST to boost sector

Shipping Ministry urges exemption on cruise tourism under GST to boost sector

Gifts from an employer to her/ his employee worth up to Rs 50,000 during a year are exempt from the GST (Goods and Services Tax) ambit, the Finance Ministry said on Monday. Even the Finance ministry said in a tweet that this mobile app "GST Rates Finder" is now available for the Android platform and is soon going to be a reality for iOS platform. In the pre-GST regime, tax incidence for companies that make sanitary napkins stood at 13.68 per cent.

Goods and Services Tax has come hard on the common man and prices of most of the commodities we buy for our basic necessities have shot up.

"The business community can post their GST related query on EY India Tax Insights App, DigiGST website - www.ey.com/in/digigst and EY_India on Twitter", a release in New Delhi said.

While lauding GST as an efficient system to check tax evasion and eliminate corruption, Jaitley explained various aspects of the new tax system to alleviate the lingering concerns. As per CBEC, the GST Rate Finder application will soon be accessible on the iOS stage also. "The search result will list all the goods and services containing the name which is typed in the search box", the ministry statement added.

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The homepage also contains options like Tax Rate: Goods, Taxes Rates: Services where users can find out the GST rates specifically in Goods and Services sections respectively.

Similarly, supply by the employer to the employee in terms of contractual agreement entered into between the employer and the employee, will not be subjected to GST, the ministry added. "It can be downloaded on any smart phone and can work in offline mode, once downloaded", informed ministry in a press release.

It also includes the description of goods or services and the chapter heading of the Harmonised System of Nomenclature (HSN). "No distinction shall be made which is based on the flag of vessels, the place of origin, departure, entry and exit destination or ownership of goods", reads the bilateral treaty.

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