PRESENTATION ON SERVICES
INTRODUCTION Services to be discussed in this session ❖ Port Services ❖ Education Services ❖ Insurance Services
PORT SERVICES Major Dealers and Revenue Contribution Dealer Name Average Average Turnover(Per Tax(Per month Month in Crores) in Crores) Visakhapatnam Port Trust 75 6 Gangavaram Port Limited 58.5 4 Adani Enterprises Limited 79 10 Srivalli Shipping & Transport 20 3 Private Limited Orissa Stevedores Ltd 2.5 0.50 Seaport Logistics Private Limited 0.84 0.15 SMS Logistics 0.50 0.10
VALUE ADDED OPERATIONAL SERVICES SERVICES PORT SERVICES ADMINISTRA CIVIL TIVE ENGINEERING SERVICES SERVICES
SCHEDULES Exempted Services SNo Description of Service Rate of Tax 1 Service of transportation of passengers, NIL with or without accompanied belongings, by inland waterways; (d) public transport, other than predominantly for tourism purpose, in a vessel between places located in India. 2 Services by way of transportation of goods NIL by inland waterways.
SCHEDULES CONTD.., Exempted Services SNo Description of Service Rate of Tax Services by way of transportation by a vessel from 3 NIL one place in India to another of the following goods: (a) relief materials meant for victims of natural or man-made disasters, calamities, accidents or mishap; (b) defence or military equipments; (c) newspaper or magazines registered with the Registrar of Newspapers; (d) railway equipments or materials; (e) agricultural produce; (f) milk, salt and food grain including flours, pulses and rice; and (g) organic manure. Services by way of loading, unloading, packing, NIL 4 storage or warehousing of rice.
SCHEDULES CONTD.., Services taxable @ 5% SNo Description of Service Rate of SAC Tax 1 Transport of goods in a vessel 5% 99652 Provided that credit of input tax with charged on goods ITC of (other than on ships, vessels input including bulk carriers and service tankers) used in supplying the s service has not been taken
SCHEDULES CONTD.., Services taxable @ 18% SNo Description of Service Rate of SAC Tax 1 Rental services of water vessels 18% 996602 including passenger vessels, freight vessels etc with or without operator Cargo handling services 2 Container handling services 996711 3 Customs House Agent services 996712 4 Clearing and forwarding services 996713 18% 5 Other cargo and baggage handling 996719 services
SCHEDULES CONTD.., Services taxbable @ 18% SNo Description of Service Rate SAC of Tax Storage and warehousing services 6 Refrigerated storage services 996721 996722 7 Bulk liquid or gas storage services 18 996729 8 Other storage and warehousing services % 996731 9 Railway pushing or towing services 996744 10 Towing services for commercial and private vehicles
SCHEDULES CONTD.., Services taxable @ 18% SNo Description of Service Rate of SAC Tax Supporting services for water transport (coastal, transoceanic and inland waterways) 11 Port and waterway operation services (excl. 18% 996751 cargo handling) such as operation services of ports, docks, light houses, light ships etc 996752 12 Pilotage and berthing services 996753 13 Vessel salvage and refloating services 996759 14 Other supporting services for water transport n.e.c. 15 Electricity and gas distribution services 18% 99691 16 Water distribution and other services 18% 99692
SCHEDULES CONTD.., Services taxable @ 18% SNo Description of Service Rate of Tax SAC Leasing or rental services concerning machinery and equipment with or without operator 17 Transfer of the right to use Same rate of GST and 9973 any goods for any purpose compensation cess as (whether or not for a specified on supply of similar period) goods 18 Any transfer of right in goods Same rate of GST and 9973 or of undivided share in goods compensation cess as without the transfer of title on supply of similar thereof goods 19 Employment services 18% 99851 including personnel search/referral service & labour supply service 20 Investigation and security 18% 99852 services
SCHEDULES CONTD.., Services taxable @ 18% SNo Description of Service Rate of Tax SAC 21 Cleaning services 18% 99853 22 Packaging services 18% 99854 23 Other support services to agriculture, 18% 998619 hunting, forestry and fishing 24 Maintenance, repair and installation 18% 9987 (except construction) services 25 Sewage and waste collection, 18% 9994 treatment and disposal and other environmental protection services 26 Other services n.e.c. 18% 999799
EDUCATION SERVICES Major Dealers and Revenue Contribution Dealer Name Average Average Turnover(Per Tax(Per month Month in Crores) in Crores) Gandhi Institute Of Technology & 0.73 0.10 Management 0.17 0.02 Gayathri Vidya Parishad Institute of Health Care and Medical Technology R C Reddy IAS Study Circle 0.31 0.5
EDUCATION SERVICES - CLASSIFICATION ❖ Heading 9992( As per Notification No.11/2017 Central Tax Rate dt. 28.06.2017) ❖ Subdivided in Six Groups: ❖ Pre-primary education services ❖ Primary education services ❖ Secondary Education Services ❖ Higher education services ❖ Specialised education services ❖ Other education & training services and educational support services
SCHEDULES - EXEMPTED SNo Description of Service 66 Services provided - (a) by an educational institution to its students, faculty and staff; (b) to an educational institution, by way of,- (i) transportation of students, faculty and staff; (ii) catering, including any mid-day meals scheme iii) security or cleaning or house-keeping services (iv) services relating to admission to, or conduct of examination by, such institution; upto higher secondary: Provided that nothing contained in entry (b) shall apply to an educational institution other than an institution providing services by way of pre-school education and education up to higher secondary school or equivalent.
SCHEDULES - EXEMPTED SNo Description of Service 67 Services provided by IIM, as per the guidelines of the Central Government, to their students, by way of the following educational programmes, except Executive Development Programme : - (a) two year full time Post Graduate Programmes in Management for the Post Graduate Diploma in Management, to which admissions are made on the basis of Common Admission Test (CAT) conducted by the IIM; (b) fellow programme in Management; (c) five year integrated programme in Management.
SCHEDULES - EXEMPTED SNo Description of Service Services provided by a number of Government scheme: 69 National Skill Development Corporation 70 Skill Development Initiative Scheme 71 Deen Dayal Upadhyaya Grameen Kaushalya Yojana National Council for Vocational Training Central Government, State Government, Union 72 territory administration under any training programme 1 Educational or skill development courses by a Charitable entity Registered Under Sec 12AA of the Income Tax Act
SCHEDULES - TAXABLE AT 18% SNo Description of Service 1 The supplies provided by third parties like musical instruments, computers, sports equipment, after school activities, food and accommodation supplied for excursion, uniform, stationery and other non-acadamic related supplies would attract GST at their relevant rates. 2 The services outsourced by the higher education institutions such as catering, security, housekeeping and transportation are liable to GST @ 18 %, since the exemption is limited only upto higher secondary level only 3 Education services provided for non conventional courses, certificate courses, and training programs where curriculum of degree is not recognized under law
SCHEDULES - TAXABLE AT 18% SNo Description of Service 4 Coaching institutes which imparts education for competitive examinations and entrance examinations Any educational / training events organized in india by 5 foreign entities which are attended by professionals, individuals and other participants 6 The services provided for Tests & Examinations for admission into overseas colleges Where a course in a college leads to dual qualification, 7 only one of which is recognized by law, then exemption may be given to that particular service only and another service may be assessed to GST separately.
SCHEDULES - TAXABLE AT 18% SNo Description of Service 8 Educational institutes such as IIT’s, IIM’s charge a fee from prospective employers like corporate houses/MNCs who come to the institute for recruiting the candidates through campus interviews. 9 Some input supplies received by educational institutes such as rents, telecommunication and event related expenditure attracts GST Specialized education services or auxiliary education 10 services provided to higher education Services provided by way of education as a part of a 11 prescribed curriculum for obtaining a qualification recognized by a law of foreign country
INSURANCE SERVICES Major Dealers and Revenue Contribution Dealer Name Average Average Turnover(Per Tax(Per month Month in in Crores) Crores) Life Insurance Corporation Of India 120 11 SBI Life Insurance Company Limited 30 3 United India Insurance Company Limited 24 2.5 The Oriental Insurance Company Limited 14 1.5 ICICI Lombard General Insurance Co Ltd 13 1 National Insurance Company Limited 13 1.3 Bajaj Allianz General Insurance Company 12.5 0.85 Limited
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