Central Board of Indirect Taxes & Customs(CBIC) has issued various Circulars 52/2018, 53/2018 and 54/2018 to provide clarification regarding applicability of GST rateson various goods and services.
Key points of the Circulars are:
- Toned milk fortified would fall under heading 0401 and attracts NIL rate of GST
- Beet and cane sugar, including refined beet and cane sugar, would fall under heading 1701 and attract 5% GST rate
- Plain (unmodified) tamarind kernel powder and treated (modified) tamarind kernel powder would fall under chapter 13 and attract 5% GST
- Supplies of drinking water for public purposes, if it is not supplied in a sealed container, would be exempt from GST
- Baby wipes coated with perfumes or cosmetics, would fall under HS code 3307 and attract 18% GST rate. Similarly, if they are coated with soap or detergent, then it would fall under HS code 3401 and attract 18% GST
- Imitation zari thread or yarn known as “Kasab” or by any other name in trade parlance, would attract a uniform GST rate of 12% falling under tariff heading 5605
- Supplies of marine engine for fishing vessel would fall under tariff item 8408 10 93 and attract 5% GST
- Fertilizers supplied for use in manufacture of other fertilizers or for use directly as fertilizers would attract 5% GST
- It is also clarified that GST will be payable by the oil refinery only on the net quantity of petroleum gases retained by the recipient-manufacturer for the manufacture of petrochemical products
For further details please refer the attached documents.
Source : Central Board of Indirect Taxes and Customs
