Changes in GST rates of various goods and services

Arjuna, (Fictional Character): Krishna, what steps CBIC has taken in order to amend or insert effects of the 45th GST Council Meeting held at Lucknow on 17th September 2021.

Krishna, (Fictional Character): Arjuna, CBIC has issued Notification No.06/2021–Central Tax (Rate) to Notification No.12/2021–Central Tax (Rate) on 30th September 2021 to amend the existing notifications which will be effective from 1st October 2021.

Arjuna, (Fictional Character): Krishna, which are the services inserted and Scheme of Classification of Services in GST services rate schedule vide Notification no. 06/2021?

Krishna, (Fictional Character): Arjuna, Services by way of job work in relation to manufacture of alcoholic liquor for human consumption taxable at the rate of 18%has been inserted. In the Annexure to Scheme of Classification of Services Multimodal Transport of goods from a place in India to another place in India has been inserted.

Arjuna, (Fictional Character): Krishna, which are the services that are being inserted vide Notification no. 07/2021 having nil rate of tax?

Krishna, (Fictional Character): Arjuna, the services that are being inserted having nil rate of tax are:

• Services provided by and to Asian Football Confederation (AFC) and its subsidiaries directly or indirectly related to any of the events under AFC Women's Asia Cup 2022 to be hosted in India, if Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under AFC Women's Asia Cup 2022.
• Services by way of granting National Permit to a goods carriage to operate through-out India / contiguous States.
• Services by way of right to admission to the events organized under AFC Women's Asia Cup 2022.

Arjuna, (Fictional Character): Krishna, which are the goods inserted in GST goods rate schedule vide Notification no. 08/2021?

Krishna, (Fictional Character): Arjuna, the Following are the goods for which entry in the rate schedule has been inserted:

• Tamarind seeds meant for any use other than sowing are taxable at the rate of 5%.
• Bio-diesel supplied to Oil Marketing Companies for blending with High-Speed Diesel is taxable at the rate of 5%.
• Bio-diesel (other than biodiesel supplied to Oil Marketing Companies for blending with High-Speed Diesel) is taxable at the rate of 12%.
• Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice are taxable at the rate of 28%.

Arjuna, (Fictional Character): Krishna, which are the goods inserted in GST goods RCM rate schedule on which tax payable under reverse charge vide Notification no. 10/2021?

Krishna, (Fictional Character): Arjuna, if any registered person procures from an unregistered person following essential oils other than those of citrus fruit namely: a) Of peppermint b) Of other mints, then the same are liable to be taxed under reverse charge.

Arjuna, (Fictional Character): Krishna, what should the taxpayer learn from this?

Krishna, (Fictional Character): Arjuna, CBIC even after the 4years of GST implementation continuously taking various measures for streamlining compliances in GST. Apart from the above, CBIC also amended, omitted, substituted, reduced the GST rate on various goods and services. The detailed notifications for the same can be accessed from the CBIC website.