Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has released a significant clarification on GST rates and classification of goods through Circular No. 235/29/2024-GST, dated October 11, 2024. This follows the recommendations made during the 54th GST Council meeting, which took place on September 9, 2024, in New Delhi. In accordance with Section 168(1) of the Central Goods and Services Tax Act, 2017, the circular provides guidance to ensure uniform implementation across all states and Uni
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FAQ :
The CBIC circular aims to clarify GST rates and classifications for certain goods to ensure uniform implementation and reduce confusion for businesses and taxpayers across India.
With effect from October 10, 2024, extruded or expanded savoury or salted products (excluding un-fried or un-cooked snack pellets) falling under HS 1905 90 30 will attract a 12% GST. For the past period, 18% GST is applicable.
Roof Mounted Package Unit (RMPU) Air Conditioning Machines for Railways are classified under HS 8415, attracting a 28% GST rate.
With effect from October 10, 2024, car seats classified under HS 9401 will attract a GST rate of 28%. Previously, they attracted 18% GST.
Seats for two-wheelers (motorcycles) are classified under HS 8714 and attract a GST rate of 28%.
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