Amend Notification No 1/2017- Central Tax (Rate) dated 28.06.2017

Last updated: 31 December 2021

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This notification introduces amendments to the Central Tax (Rate) Notification No. 1/2017, effective from 1st January 2022. The changes involve modifications to the descriptions and classifications of various goods across different tax rate schedules, including 2.5%, 6%, 9%, and 14%. These updates are based on recommendations from the GST Council and aim to clarify tax applicability for a range of products.

MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 18/2021-Central Tax (Rate) G.S.R. 892(E). -In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 of theCentral Goods and Services Tax Act, 2017(

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FAQ :

These amendments come into effect on the 1st day of January, 2022.

The principal notification being amended is Notification No. 1/2017-Central Tax (Rate), dated 28th June, 2017.

Changes affect a wide range of goods, including various food items like yoghurt and nuts, animal and vegetable fats, specific types of ores and concentrates, machinery parts, lighting equipment, and more.

Yes, new entries include items like 'Bio-diesel supplied to Oil Marketing Companies', 'Tender coconut water put up in unit container', and 'Products containing nicotine and intended for inhalation without combustion'.

The amendments affect Schedule I (2.5%), Schedule II (6%), Schedule III (9%), and Schedule IV (14%).

These amendments are issued by the Ministry of Finance, Department of Revenue, based on the recommendations of the GST Council.

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Notification No : 18/2021-Central Tax (Rate)
Published in GST
Source : https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-18-2021-cgst-rate.pdf

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