![]() (2) GST rate changes to correct the inverted tax structure: 19/2021 and Central Tax (Rate) notification no. 18/2021, Central Tax (Rate) notification no. Three notifications were issued on 28th December 2021 by the CBIC to align HSN codes with HS-2022 with effect from 1st January 2022. Refund of accumulated ITC for edible oils and coal is disallowed. ![]() Works contract and sub-contract to the Central and state governments, local authorities for canals, dams, pipelines, plants for water supply, historical monuments, educational institutions, hospitals, etc Works contract for railways, metro, roads, bridges, effluent treatment plant, crematorium, etc. ![]() Lights and fixture, LED lamps, their metal printed circuits board Milking machines and dairy machinery, cleaning, sorting or grading machines and its parts for eggs, fruit or other agri produce Knives with paper knives, cutting blades, pencil sharpeners and its blades, skimmers, cake-servers, spoons, forks, ladles, etcĬentrifugal pumps, submersible pumps deep tube-well turbine pumps, bicycle pumps that are power-driven mainly for handling water Pawan Chakki being air-based atta chakki, wet grinder, cleaning, sorting or grading machines for seeds and grain pulses, and milling machines or cereal making machines, etc Job work for processing of hides, skins, leather, making of leather products including footwear, and clay brick manufacturingĮarthwork works contracts and sub-contracts to the Central and state governments, Union Territories and local authorities Prepared or finished leather or chamois leather or composition leathers Scientific and technical instruments to public funded research institutesĬorrection of Inverted tax structure Edit Description of goods or services Training or coaching in recreational activities on arts or culture, or sports other than by individualsĮarlier partially exempted, now withdrawn Hotel accommodation priced up to Rs.1,000 per day Room rent (excluding ICU) exceeding Rs.5,000 per patient day taxed without ITCĬommon bio-medical waste treatment facilities for treating or disposing biomedical waste shall be taxed with availability of ITC, like CETPs Transportation by rail or a vessel of railway equipment and material, storage or warehousing of commodities attracting tax such as copra, nuts, spices, jaggery, cotton, etc, fumigation in a warehouse of agri produce, services by RBI, IRDA, SEBI, FSSAI, and GSTN, renting of residential dwelling to GST-registered businesses, and services by the cord blood banks for preserving stem cells Maps and hydrographic or similar charts of all kinds, including atlases, wall maps, topographical plans and globes, printedĪir transportation of passengers to and from north-eastern states and Bagdogra now restricted to economy class Pruning of GST exemptions Edit Description of goods or services *The rates will come into effect from 18th July 2022 subject to CBIC notification Renting of truck or goods carriage including the fuel cost Transport of goods and passengers by ropeways (with ITC of services) Orthopedic appliances such as intraocular lens, artificial parts of the body, splints and other fracture appliances, other appliances which are worn or carried, or body implants, to compensate for a defect or disability Import of particular defence items by private businesses or suppliers for end-consumption of Defence (IGST) Import of tablets called Diethylcarbamazine (DEC) free of cost for National Filariasis Elimination Programme (IGST) Tar (From coal, or coal gasification plants, or producer gas plants and coke oven plants) GST rate hikes and cuts Edit Description of goods or services The following decisions were taken regarding GST rates, including pruning of the exemption list and correction of the inverted tax structure. The 47th GST council meeting was held on 28th and 29th June 2022. GST Rate revision in 47th GST Council Meeting Also, the taxman notified changes in the applicability of the reverse charge mechanism for certain services. The government notified revised rates for items that faced an inverted tax structure. Further, exemptions were withdrawn on a few daily essentials. These GST rate changes will apply from 18th July 2022. The government issued nine Central Tax (Rate) notifications number 03/2022 to 11/2022 on 13th July 2022. *Note: Labelled and pre-packaged paneer, buttermilk, and curd attract 5% GST from 18th July 2022.
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