CBEC’s Consolidated CGST Rate Schedule for Goods as on 15 Nov. 2017

CBEC’s Consolidated CGST Rate Schedule for Goods as on 15 Nov. 2017

CGST rates on various items of goods have changed through amendment Notifications issued by CBEC from time to time, which makes it difficult to ascertain the latest effective rate of CGST. Therefore, the CBEC has published a Consolidated CGST Rate Schedule for Goods as on 15 Nov. 2017, also indicating items exempted/ under reverse charge (RCM), compensation cess rates, etc., for ready reference. However, it may be noted that rates mentioned in respective Notifications only will have legal authority.

Overview:

The Consolidated CGST Rate Schedule for Goods as on 15 Nov. 2017, as released by the CBEC, is broadly divided in 5 parts, as under:

Part 1

Effective CGST Rate as on 15 Nov. 2017 for various item of Goods with respective Description/ Chapter/ Heading / Subheading/ Tariff Code etc. (Schedule I- 2.5%; Schedule II- 6%; Schedule III- 9%; Schedule IV- 14%; Schedule V- 1.5%; Schedule VI- 0.125%)

Part 2

Updates list of CGST Exempted Items of Goods as on 15 Nov. 2017

Part 3

Updated list of Items under Reverse Charge as on 15 Nov. 2017

Part 4

Updates List of goods as on 15 Nov. 2017 in respect of which refund of unutilized ITC on account of inverted duty structure has been blocked

Part 5

Effective Compensation Cess rates as on 15.11.2007 for various items of Goods with respective Description/ Chapter/ Heading/ Subheading/ Tariff Code etc.

CBEC’s Consolidated CGST Rate Schedule for Goods as on 15 Nov. 2017

One Response

  1. vinay seth Nov 18, 2017

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