Impact Analysis of Rate Notifications issued post 50th GST Council Rate Decisions

Vivek Jalan | Last updated: 28 July 2023

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This article analyses the impact of recent GST rate notifications, particularly those issued after the 50th GST Council meeting. Key changes include revised procedures for Goods Transport Agencies (GTAs) regarding GST payment options, the taxation of agricultural fumigation services, and clarifications on real estate construction contracts. Additionally, GST exemptions have been extended to satellite launch services, and rates have been reduced for items like LD slag, unfried snack pellets, and fish soluble paste.

GST Rates - Services N No 6/2023 C(R) - amending 11/2017 C(R) - Rate of Services N No 7/2023 C(R) - amending 12/2017 C(R) - Exemption of Services N No 8/2023 C(R) amending 13/2017 C(R) - Reverse Charge on Services Relaxation for GTAs - vide N No 6/2023 C(R) (ii) against serial numb

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About the Author

Vivek Jalan

DESIGNATED PARTNER

Mr. Vivek Jalan is a FCA, Qualified LL.M (Constitutional Law) and LL.B. He is the Chairman of The Fiscal Affairs and Taxation Committee of The Bengal Chamber of Commerce and Industry. He is the Convenor on Indirect Taxes of the CII- Economic Affairs and Taxation Committee (ER); He is also a visiting faculty for Indirec ... Read more

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