In furtherance to our below mail on the update of proposed
changes in the last GST council meeting held on 21st July 2018.
We are sharing you with the list of notifications released
regarding the proposed changes. Please note that these notifications / rate
changes are effective from today.
Summarized here below the list of notifications which got released
along with brief contents of the same –
|
Notification No. under CGST
Rate
|
Notification No. under IGST
Rate
|
Content of the notification
|
|
13/2018-Central Tax (Rate) ,dt. 26-07-2018
|
14/2018-Integrated Tax (Rate) ,dt. 26-07-2018
|
Seeks to notify rates on various services such as -
- on multimodal transportation - @12% - Supply of e-book under heading 4901 - @5% and restricting the scope of outdoor catering services along with GST to be charged on value of supply instead of declared tariff. |
|
14/2018-Central Tax (Rate) ,dt. 26-07-2018
|
15/2018-Integrated Tax (Rate) ,dt. 26-07-2018
|
Seeks to exempt certain services under GST, such as -
Services supplied by an establishment of a person in India to any establishment of that person outside India, which are treated as establishments of distinct persons- provided the place of Supply of the services is outside India. |
|
15/2018-Central Tax (Rate) ,dt. 26-07-2018
|
16/2018-Integrated Tax (Rate) ,dt. 26-07-2018
|
Seeks to specify services supplied by individual Direct Selling Agents
(DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under
Reverse Charge Mechanism (RCM).
|
|
16/2018-Central Tax (Rate) ,dt. 26-07-2018
|
17/2018-Integrated Tax (Rate) ,dt. 26-07-2018
|
Seeks to notify that services by way of any activity in relation to a
function entrusted to a municipality under Article 243W shall be treated
neither as a supply of good nor a service.
|
|
17/2018-Central Tax (Rate) ,dt. 26-07-2018
|
18/2018-Integrated Tax (Rate) ,dt. 26-07-2018
|
Seeks to insert an explanation in the service rate notification under
serial no 3. of construction services by excluding activity or transaction
undertaken by the Central Government, a State Government or any local
authority in which they are engaged as public authorities.
|
|
18/2018-Central Tax (Rate) ,dt. 26-07-2018
|
19/2018-Integrated Tax (Rate) ,dt. 26-07-2018
|
Changes in the rate of goods by amending the rate notification under
CGST and IGST
|
|
19/2018-Central Tax (Rate) ,dt. 26-07-2018
|
20/2018-Integrated Tax (Rate) ,dt. 26-07-2018
|
seeks to make additions by way of exempting certain goods under GST
|
|
20/2018-Central Tax (Rate) ,dt. 26-07-2018
|
21/2018-Integrated Tax (Rate) ,dt. 26-07-2018
|
Seeks to allow refund of unutilized ITC for textile industries on
supplies received on of after 1st August 2018;
ITC balance accumulated till 31st July 2018 shall lapse. |
|
21/2018-Central Tax (Rate) ,dt. 26-07-2018
|
22/2018-Integrated Tax (Rate) ,dt. 26-07-2018
|
Seeks to prescribe concessional GST rate on specified handicraft items
|
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