CBIC changes GST rates on goods as per recommendations of the GST Council in its 31st meeting.

Circular No.ES/343/2018-19                                                             January 07, 2019

To: Members of the Council

Sub: CBIC changes GST rates on goods as per recommendations of the GST Council in its 31st meeting.

Dear Member,

CBIC has issued Notifications related to Central Tax (Rate), Integrated Tax (Rate) and Union Territory (Rate) under GST by amending Notification No.1/2017- Central Tax (Rate), Integrated Tax (Rate) and Notification No. 1/2017-Union Territory Tax (Rate), dated 28^th June, 2017 regarding GST rates on goods as per recommendations of the GST Council in its 31st meeting.

1. Relevant extract of the Notification No. 24/2018- Central Tax (Rate) dated 31^st December, 2018 is given here- below:-

In the said notification, amendments have been made in the following-

1. in the opening paragraph, after the words, brackets and figures “sub-section (1) of section 9”, the words, brackets and figures “and sub-section (5) of section 15”, shall be inserted;

2. For Schedule I - 2.5%- Amendments have been made against S. No. 224, for the entry in column (2). 

2. Relevant extract of the Notification No. 24/2018- Union Territory Tax (Rate) dated 31^st December, 2018 is given here- below:-

In the said notification, amendments have been made in the following-

1. In the opening paragraph, after the words, brackets and figures “(14 of 2017)” the words, brackets and figures “read with sub-section (5) of Section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017), shall be inserted;

2. For Schedule I - 2.5%- Amendments have been made against S. No. 224, for the entry in column (2). 

3. Relevant extract of the Notification No. 25/2018-Integrated Tax (Rate) dated  31^st December, 2018 is given here- below:-

In the said notification, amendments have been made in the following-

1. in the opening paragraph, after the words, brackets and figures “(13 of 2017)”, the  the words, brackets and figures “read with sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017)”, shall be inserted;

2. For Schedule I - 5%- Amendments have been made against S. No. 224, for the entry in column (2). 

Members may kindly make a note of the above amendments.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR