Eye Share: Analysis of Tax Rate on Job-Work from Legal and Constitutional Perspective
Recently, CBIC issued a Circular No. 126/45/2019 - GST dated November 22, 2019, on scope of Notification entry at item (id) under Heading 9988 of Notification No. 11/2017-Central Tax (Rate) dated June 28, 2017 inserted w.e.f. October 1, 2019 vide Notification no. 20/2019 - Central Tax (Rate) prescribing 12% GST rate for job-work services.Lalitendra Gulani (Partner, Palit & Co, Advocates and Solicitors) with Pallav Palit (Partner, Pa...