In re Jivagro Limited (GST AAR Gujarat)
This case revolves around the classification of a product called ‘Rapigro’ under the Customs Tariff Act, 1975 and the Central Goods & Services Tax Act, 2017, along with the applicable tax rate for the product. Rapigro is classified under 38089340, as per the Customs Tariff Act, 1975 and the Central Goods & Services Tax Act, 2017. This makes it identifiable as a ‘plant growth regulator’. According to the notification No. 1/2017-CT(Rate) dated 28.6.2017, the tax rate for Rapigro is fixed at 18%, broken down into 9% CGST and 9% SGST. This falls under Sl. No. 87, Schedule III, thus giving it a specific bracket in the tax regime.
The ‘In re Jivagro Limited (GST AAR Gujarat)’ case offers valuable insight into the intricate process of product classification under Indian tax laws. For Rapigro, the ruling brings clarity on its specific categorization as a ‘plant growth regulator’ and confirms the applicable tax rate at 18%.
(1) Classification of Rapigro under the Customs Tariff Act, 1975?
The classification of Rapigro under the Customs Tariff Act, 1975 and under the Central Goods & Services Tax Act, 2017 will be under 38089340, as a ‘plant growth regulator’
(2) Classification of Rapigro under the Central Goods & Services Tax Act, 2017 (3) Rate of tax payable on Rapigro?
The rate of tax applicable on Rapigro is 18% [9% CGST and 9% SGST] as per Sl. No. 87, Schedule III, notification No. 1/2017-CT(Rate) dated 28.6.2017.
Read AAAR Order: AAAR Gujarat: Rapigro’ is a Plant Growth Regulator under HSN 38089340, Upholds 18% GST Rate
