CBIC notifies GST Rate for goods and services to give effect to the rate changes recommended by the GST Council

CBIC notifies GST Rate for goods and services to give effect to the rate changes recommended by the GST Council

January 2, 2019 Fiscal, Industries, states 0

Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 24/2018- Central Tax (Rate) to Notification No. 30/2018- Central Tax (Rate) dated 31st December, 2018 and Notification No. 25/2018-Integrated Tax (Rate) to Notification No. 31/2018-Integrated Tax (Rate) dated 31st December, 2018 to notify the rate changes recommended in the 31st GST Council meeting.

The brief of the Central/ Integrated Rate Notifications is given in the below table :

Notification No. Date Particulars
24/2018- Central Tax (Rate) 31/12/2018 Seeks to amend Notification No. 01/2017-Central Tax (Rate) so as to notify CGST rates of various goods to give effect to GST Council decisions regarding GST rates changes
25/2018- Central Tax (Rate) 31/12/2018 Seeks to amend Notification No. 02/2017-Central Tax (Rate) so as to exempt certain goods to give effect to GST Council decisions regarding GST rates changes
26/2018- Central Tax (Rate) 31/12/2018 Seeks to exempt central tax on supply of gold by nominated agencies to registered persons.
27/2018- Central Tax (Rate) 31/12/2018 Seeks to amend Notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services to give effect to GST Council decisions regarding GST rates changes
28/2018- Central Tax (Rate) 31/12/2018 Seeks to amend Notification No. 12/2017- Central Tax (Rate) so as to exempt certain services to give effect to GST Council decisions regarding GST rates changes
29/2018- Central Tax (Rate) 31/12/2018 Seeks to amend Notification No. 13/2017- Central Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by the GST Council
30/2018- Central Tax (Rate) 31/12/2018 Seeks to insert explanation in an item in Notification No. 11/2017 – Central Tax (Rate) to give effect to GST Council decisions regarding GST rates changes
25/2018- Integrated Tax (Rate) 31/12/2018 Seeks to amend Notification 01/2017-Integrated Tax (Rate) so as to notify IGST rates of various goods to give effect to GST Council decisions regarding GST rates changes
26/2018- Integrated Tax (Rate) 31/12/2018 Seeks to amend Notification 02/2017-Integrated Tax (Rate) so as to exempt certain goods to give effect to GST Council decisions regarding GST rates changes
27/2018- Integrated Tax (Rate) 31/12/2018 Seeks to exempt integrated tax on supply of gold by nominated agencies to registered persons
28/2018- Integrated Tax (Rate) 31/12/2018 Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services to give effect to GST Council decisions regarding GST rates changes
29/2018- Integrated Tax (Rate) 31/12/2018 Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services to give effect to GST Council decisions regarding GST rates changes
30/2018- Integrated Tax (Rate) 31/12/2018 Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by the GST Council
31/2018- Integrated Tax (Rate) 31/12/2018 Seeks to insert explanation in an item in Notification No. 8/2017 – Integrated Tax (Rate) to give effect to GST Council decisions regarding GST rates changes

All these rate changes has come into force from 1st day of January, 2019.

For further details, please refer the attached notifications.

Source: Central Board of Indirect Taxes & Customs

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