CBIC notifications related to Central Tax (Rate), Integrated Tax (Rate) and Union Territory Tax (Rate) under GST

Circular No.ES/146/2017-18                                                                          August 08, 2018

To: Members of the Council

Sub.: CBIC notifications related to Central Tax (Rate), Integrated Tax (Rate) and Union Territory Tax  (Rate) under GST

Dear Member,

We would like to inform you that the Central Board of Indirect Taxes and Customs (CBIC) has issued notifications relating to Central Tax (Rate), Integrated Tax (Rate) and Union Territory Tax (Rate) under GST.

The details are given here-below:

CENTRAL TAX (RATE)

• Notification No. 22/2018- Central Tax (Rate) dated 06^th August, 2018- Seeks to exempt payment of tax under section 9(4) of the CGST Act, 2017 till 30.09.2019.

The CBIC has notified that the provisions relating to Reverse Charge Mechanism (RCM) under Section 9(4) of the CGST Act, 2017 have been further postponed by Government for 1 year upto 30^th September, 2019 from 30^th September, 2018.

INTEGRATED  TAX (RATE)

• Notification No. 23/2018- Integrated Tax (Rate) dated 06^th August, 2018- Seeks to exempt payment of tax under section 5(4) of the IGST Act, 2017 till 30.09.2019.

The CBIC has notified that the provisions relating to Reverse Charge Mechanism (RCM) under  Section 5(4) of the IGST Act, 2017 have been further postponed by Government  for 1 year upto 30^th September, 2019 from 30^th September, 2018.

UNION TERRITORY TAX (RATE)

• Notification No. 22/2018- Union Territiry Tax (Rate) dated 06^th August, 2018- Seeks to exempt payment of tax under section 7(4) of the UT GST Act, 2017 till 30.09.2019.

The CBIC has notified that the provisions relating to Reverse Charge Mechanism (RCM) under Section Section 7(4) of the UTGST Act, 2017 have been postponed by Government  for 1 year upto 30^th September, 2019 from 30^th September, 2018.

Members may kindly make a note of the above.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR