CBEC Notifications on GST Rates Changes (CGST/ IGST/ UTGST) w.e.f. 25 Jan. 2018

CBEC Notifications on GST Rates Changes (CGST/ IGST/ UTGST) applicable w.e.f. 25 Jan. 2018, as recommended by the GST Council

The CBEC has issued various Notifications for change in GST Rates (CGST/ IGST/ UTGST) of various items of Goods and Services applicable w.e.f. 25 Jan. 2018, as recommended by the GST Council, as under:

CGST Rate Notifications:

i) Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018:

CBEC Notification No. 01/2018 Central Tax (Rate) dt. 25 Jan. 2018

ii) Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018.

CBEC Notification No. 02/2018 Central Tax (Rate) dt. 25 Jan. 2018

iii) Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM).

CBEC Notification No. 03/2018 Central Tax (Rate) dt. 25 Jan. 2018

iv) Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa.

CBEC Notification No. 04/2018 Central Tax (Rate) dt. 25 Jan. 2018

v) Seeks to exempt Central Government’s share of Profit Petroleum from Central tax

CBEC Notification No. 05/2018 Central Tax (Rate) dt. 25 Jan. 2018

vi) Seeks to amend Notification No.1/2017-CGST (Rate)

CBEC Notification No. 06/2018 Central Tax (Rate) dt. 25 Jan. 2018

vii) Seeks to amend Notification No.2/2017-CGST (Rate)

CBEC Notification No. 07/2018 Central Tax (Rate) dt. 25 Jan. 2018

viii) Seeks to amend Notification No.1/2017-CGST (Rate)

CBEC Notification No. 08/2018 Central Tax (Rate) dt. 25 Jan. 2018

ix) Seeks to amend Notification No.45/2017-Central (Rate)

CBEC Notification No. 09/2018 Central Tax (Rate) dt. 25 Jan. 2018

IGST Rate Notifications:

i) Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018

CBEC Notification No. 01/2018 Integrated Tax (Rate) dt. 25 Jan. 2018

ii) Seeks to amend notification No. 9/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018

CBEC Notification No. 02/2018 Integrated Tax (Rate) dt. 25 Jan. 2018

iii) Seeks to amend notification No. 10/2017- Central Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM).

CBEC Notification No. 03/2018 Integrated Tax (Rate) dt. 25 Jan. 2018

iv) Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa

CBEC Notification No. 04/2018 Integrated Tax (Rate) dt. 25 Jan. 2018

v) Seeks to exempt Central Government’s share of Profit Petroleum from Integrated tax

CBEC Notification No. 05/2018 Integrated Tax (Rate) dt. 25 Jan. 2018

vi) Seeks to exempt royalty and license fee from Integrated tax to the extent it is paid on the consideration attributable to royalty and license fee included in transaction value under Rule 10(1)(c) of Customs Valuation (Determination of value of imported Goods) Rules, 2007

CBEC Notification No. 06/2018 Integrated Tax (Rate) dt. 25 Jan. 2018

vii) Seeks to amend Notification No.1/2017-IGST (Rate)

CBEC Notification No. 07/2018 Integrated Tax (Rate) dt. 25 Jan. 2018

viii) Seeks to amend Notification No.2/2017-IGST (Rate)

CBEC Notification No. 08/2018 Integrated Tax (Rate) dt. 25 Jan. 2018

ix) Seeks to amend Notification No.1/2017-IGST (Rate)

CBEC Notification No. 09/2018 Integrated Tax (Rate) dt. 25 Jan. 2018

x) Seeks to amend Notification No.47/2017-IGST (Rate)

CBEC Notification No. 10/2018 Integrated Tax (Rate) dt. 25 Jan. 2018

UTGST Rate Notifications:

i) Seeks to amend notification No. 11/2017- Union Territory Tax (Rate) so as to notify UTGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018

CBEC Notification No. 01/2018 UT Tax (Rate) dt. 25 Jan. 2018

ii) Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018

CBEC Notification No. 02/2018 UT Tax (Rate) dt. 25 Jan. 2018

iii) Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM)

CBEC Notification No. 03/2018 UT Tax (Rate) dt. 25 Jan. 2018

iv) Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa

CBEC Notification No. 04/2018 UT Tax (Rate) dt. 25 Jan. 2018

v) Seeks to exempt Central Government’s share of Profit Petroleum from Union Territory Tax

CBEC Notification No. 05/2018 UT Tax (Rate) dt. 25 Jan. 2018

vi) Seeks to amend Notification No.1/2017-UTGST (Rate)

CBEC Notification No. 06/2018 UT Tax (Rate) dt. 25 Jan. 2018

vii) Seeks to amend Notification No.2/2017-UTGST (Rate)

CBEC Notification No. 07/2018 UT Tax (Rate) dt. 25 Jan. 2018

viii) Seeks to amend Notification No.1/2017-UTGST(Rate)

CBEC Notification No. 08/2018 UT Tax (Rate) dt. 25 Jan. 2018

ix) Seeks to amend Notification No.45/2017-UTGST (Rate)

CBEC Notification No. 09/2018 UT Tax (Rate) dt. 25 Jan. 2018

Compensation Cess Rate Notifications:

i) Seeks to amend Notification No.1/2017-Compensation Cess (Rate) for ‘Nil’ Compensation Cess Rate for All Old and Used Motor Vehicles, provided the supplier has availed ITC under CGST/ VAT:

CBEC Notification No. 01/2018 Compensation Cess (Rate) dt. 25 Jan. 2018

GST Council Recommends relief from GST on circus, dance, theatrical performances including drama or dance, award function, pageants, concerts, musical performances, recognised sporting events: Threshold GST Exemption limit for Admission Fee increased to Rs. 500 per person

CBEC has issued a Press Release relating to Recommendation made by the GST Council for granting relief from GST on circus, dance, theatrical performances including drama or dance, award function, pageants, concerts, musical performances, recognised sporting events, i.e. Threshold GST Exemption limit for Admission Fee increased to Rs. 500 per person, as under:

Relief from GST on Admission Fee upto Rs. 500 for Cultural/ Sports Events recommended by GST Council: CBEC Press Release dt. 22 Jan. 2018

GST Council Recommends reducing GST rate on admission to amusement parks and ballet etc, from 28% to 18%

CBEC has issued a Press Release relating to Recommendation made by the GST Council for reducing GST rate on admission to amusement parks and ballet etc, from 28% to 18%, as under:

Relief in GST Rate on Admission to Amusement Parks (28% to 18%) recommended by GST Council: CBEC Press Release 22 Jan. 2018

GST Council Recommends certain reliefs to make Housing Sector Affordable

CBEC has issued a Press Release relating to Recommendation made by the GST Council for granting certain reliefs to the Housing sector, i.e. changes in GST w.e.f. 25 Jan. 2018 for Housing Sector, to promote affordable housing for the masses in the country.

The GST council has recommended to extend benefit of concessional tax rate for housing sector under GST (effective rate of 8% after deducting one third for cost of land from applicable 12% GST rate), in respect of houses constructed/ acquired under Credit Linked Subsidy Scheme for people falling in EWS/ LIG/ MIG.

Relief from GST in Housing sector recommended by GST Council: CBEC Press Release 22 Jan. 2018

GST Council Recommends relief from GST on services provided by Resident Welfare Associations (RWAs) to their members; Exemption limit enhanced from Rs. 5,000 to Rs. 7,500 paid by Members as monthly contribution

CBEC has issued a Press Release relating to Recommendations made by the GST Council for granting relief from GST on services provided by Resident Welfare Associations (RWAs) to their members, i.e. Exemption limit enhanced from Rs. 5,000 to Rs. 7,500 paid by Members as monthly contribution, as under:

Relief from GST to RWAs on Services Provided to Members: CBEC Press Release dt. 22 Jan. 2018

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Free NewsLetter

Please Signup for 

CA Club's Daily Updates via Email

Note: After submitting your email below, please check your inbox. You need to Open the email from Feedburner and click on the confirmation link to complete the process !!