Reduced GST Rates (w.e.f. 27 July 2018) for Various Goods/ Services notified by CBIC

CBIC notifies reduced GST Rates (CGST/ IGST/ UTGST/ Compensation Cess) for Various items of Goods and Services,  applicable w.e.f. 27 July 2018, as recommended by the GST Council

CBIC notifies reduced GST Rates (CGST/ IGST/ UTGST/ Compensation Cess) for about 88 items of Goods and Services, applicable w.e.f. 27 July 2018, in line with recommendations of the 28th GST Council Meeting held at New Delhi on 21 July 2018, including providing relief for women by way of exempting Sanitary Napkins, Rakhi, etc., as under:

i) Revised GST Rates Schedule in respect of Supply of Services: 

CBIC Notification 13/2018 Central Tax Rate dt. 26 July 2018

CBIC Notification 14/2018 Integrated Tax Rate dt. 26 July 2018

CBIC Notification 13/2018 UT Tax Rate dt. 26 July 2018

ii) Revised list of exempted Services under GST: 

CBIC Notification 14/2018 Central Tax Rate dt. 26 July 2018

CBIC Notification 15/2018 Integrated Tax Rate dt. 26 July 2018

CBIC Notification 14/2018 UT Tax Rate dt. 26 July 2018

iii) Services provided by Individual Direct Selling Agent (DSAs), other than by a company, partnership firm or LLP, to a Banking Company or NBFC located in Taxable Territory is to be covered under Reverse Charge Mechanism (RCM): 

CBIC Notification 15/2018 Central Tax Rate dt. 26 July 2018

CBIC Notification 16/2018 Integrated Tax Rate dt. 26 July 2018

CBIC Notification 15/2018 UT Tax Rate dt. 26 July 2018

iv) Services provided by a Municipality under Article 243W not to be treated as Goods or Services under GST Laws: 

CBIC Notification 16/2018 Central Tax Rate dt. 26 July 2018

CBIC Notification 17/2018 Integrated Tax Rate dt. 26 July 2018

CBIC Notification 16/2018 UT Tax Rate dt. 26 July 2018

v) Explanation about the term ‘Business’ in certain cases of Supplies under GST: 

CBIC Notification 17/2018 Central Tax Rate dt. 26 July 2018

CBIC Notification 18/2018 Integrated Tax Rate dt. 26 July 2018

CBIC Notification 17/2018 UT Tax Rate dt. 26 July 2018

vi) Revised GST Rates Schedule in respect of Supply of Goods: 

CBIC Notification 18/2018 Central Tax Rate dt. 26 July 2018

CBIC Notification 19/2018 Integrated Tax Rate dt. 26 July 2018

CBIC Notification 18/2018 UT Tax Rate dt. 26 July 2018

vii) Revised list of exempted Goods under GST:

CBIC Notification 19/2018 Central Tax Rate dt. 26 July 2018

CBIC Notification 20/2018 Integrated Tax Rate dt. 26 July 2018

CBIC Notification 19/2018 UT Tax Rate dt. 26 July 2018

viii) GST Refund of unutilised ITC to fabric manufacturers in the Textiles Sector:

CBIC Notification 20/2018 Central Tax Rate dt. 26 July 2018

CBIC Notification 21/2018 Integrated Tax Rate dt. 26 July 2018

CBIC Notification 20/2018 UT Tax Rate dt. 26 July 2018

ix) Concessional GST rates in respect of 39 specified handicraft items: 

CBIC Notification 21/2018 Central Tax Rate dt. 26 July 2018

CBIC Notification 22/2018 Integrated Tax Rate dt. 26 July 2018

CBIC Notification 21/2018 UT Tax Rate dt. 26 July 2018

x) Nil Compensation Cess Rates on Fuel Cell Motor Vehicles and Coal Rejects supplied by a Coal Washery:

CBIC Notification 2/2018 Compensation Cess Rate dt. 26 July 2018

Note: It may be noted that the above revised/ reduced GST Rates notified by the CBIC, are applicable w.e.f. 27 July 2018.

Related Posts:

Key Recommendations of 28th GST Council Meeting (dt. 21 July 2018)

CBIC Clarification on GST Rates for various Goods and Services (dt. 10 Aug. 2018)

One Response

  1. M.K. SHARMA Jul 30, 2018

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