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22 GST Notifications to give effect to 23rd GST Council decisions issued at Midnight

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CBEC has issued 22 Notifications related to IGST, CGST, and UTGST dated: 14/11/2017 which are effective from 15th November 2017 on the Midnight of 14th November 2017 as per its tradition of doing everything last minute. Notifications were hosted on CBEC websites around 23.15 or after on 14th November or on 15th November. So CBEC issues notification  on midnight of 14th and expected taxpayers to understand then within few minutes of issue and implement immediately.

Although Notifications are to give taxpayers much desired relaxations but issue in time of the same would have been better.

Notifications are issued to give effect to 23rd GST Council Decisions / Recommendations.  Link to Such notifications are as follows:-

S. No. Title Notification No. Date
1 CBEC exempt CGST on admission to protected monument Notification No. 47/2017-Central Tax (Rate) 14/11/2017
2 Revised CGST Rate for restaurants & job work on handicraft goods notified Notification No. 46/2017-Central Tax (Rate) 14/11/2017
3 Concessional CGST rate of 2.5% on scientific & technical equipments Notification No. 45/2017-Central Tax (Rate) 14/11/2017
4 CGST: CBEC notifies restriction of ITC on certain fabrics Notification No. 44/2017-Central Tax (Rate) 14/11/2017
5 CGST: CBEC notifies Reverse charge on raw cotton Notification No. 43/2017-Central Tax (Rate) 14/11/2017
6 CBEC notifies GST exemptions as decided in 23rd GST council Meeting Notification No. 42/2017-Central Tax (Rate) 14/11/2017
7 Revised CGST Rates to give effect to GST council decisions notified Notification No. 41/2017-Central Tax (Rate) 14/11/2017
8 Reg. IGST on supply of Skimmed milk powder, or concentrated milk Notification No. 50/2017- Integrated Tax (Rate) 14/11/2017
9 IGST exemption on Services by way of admission to a protected monument Notification No. 49/2017- Integrated Tax (Rate) 14/11/2017
10 Revised IGST Rate for restaurants & job work on handicraft goods notified Notification No. 48/2017-Integrated Tax (Rate) 14/11/2017
11 Reg. concessional IGST rate of 5% on scientific & technical equipments Notification No. 47/2017-Integrated Tax (Rate) 14/11/2017
12 Restriction of ITC on certain fabrics under IGST Act, 2017 notified Notification No. 46/2017- Integrated Tax (Rate) 14/11/2017
13 CBEC notifies Reverse charge on raw cotton under IGST Act, 2017 Notification No. 45/2017- Integrated Tax (Rate) 14/11/2017
14 CBEC notifies IGST exemptions as decided in 23rd GST council Meeting Notification No. 44/2017- Integrated Tax (Rate) 14/11/2017
15 Revised IGST Rates to give effect to GST council decisions notified Notification No. 43/2017- Integrated Tax (Rate) 14/11/2017
16  UTGST exemption on Services by way of admission to a protected monument Notification No. 47/2017-Union Territory tax(rate), 14/11/2017
17 Revised UTGST Rate for restaurants & job work on handicraft goods notified Notification No. 46/2017-Union Territory tax(rate), 14/11/2017
18 Concessional UTGST rate of 2.5% on scientific & technical equipments Notification No. 45/2017-Union Territory tax(rate), 14/11/2017
19 UTGST: CBEC notifies restriction of ITC on certain fabrics Notification No. 44/2017-Union Territory tax(rate), 14/11/2017
20 UTGST: CBEC notifies Reverse charge on raw cotton Notification No. 43/2017-Union Territory tax(rate), 14/11/2017
21 CBEC notifies UTGST exemptions as decided in 23rd GST council Meeting Notification No. 42/2017-Union Territory tax(rate), 14/11/2017
22 Revised UTGST Rates to give effect to GST council decisions notified Notification No. 41/2017-Union Territory tax(rate) 14/11/2017

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Name: CA Sandeep Kanoi
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8 Comments

  1. Mahendra Gupta says:

    I want to buy a lift for my individual house. I understand that applicable rate of g s t on lift for personal use is 12 % as against 18% for commercial use. Some notification issued in Nov 17. Unable to locate.
    Pl help.
    Regards

      Reply
  4. sudhir says:

    Hello.

    One small clarification:Is the following true?

    Person with taxable services below 1.5 crores have to file GSTR3 qtly from Oct 2017.

    The GST has ALSO to be paid quarterly?

      Reply

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