Seeks to supersede notification 15/2021- IT(R) dated 18.11.2021 and amend Notification No 8/2017- Integrated Tax (Rate) dated 28.06.2017


Quick Summary
This notification, effective from 1st January 2022, introduces changes to the Integrated Goods and Services Tax (IGST) rates. It supersedes a previous notification dated 18th November 2021 and amends the principal notification from 28th June 2017. Specifically, it removes an entry from Schedule I (5% tax rate) and inserts a new entry into Schedule II (12% tax rate) for footwear priced at Rs.1000 or less per pair.

MINISTRY OF FINANCE

(Department of Revenue)

New Delhi, the 31st December, 2021

Notification No. 21/2021-Integrated Tax (Rate)

G.S.R. 921(E). - In exercise of the powers conferred by sub-section (1) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) read with sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, and in supersession of notification of the Government of India in the Ministry of Finance (Department of Revenue), No.14/2021-Intergated Tax (Rate), dated the 18th November, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 817(E), dated the 18th November, 2021, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.1/2017-Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 666(E), dated the 28th June, 2017, namely:-

In the said notification, -

a. in Schedule I - 5%, serial number 225 and the entries relating thereto shall be omitted;

b. in Schedule II - 12%, after serial number 171 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -

“171A1 64 Footwear of sale value not exceeding Rs.1000 per pair.”

2. This notification shall come into force on the 1st day of January, 2022.

[F. No. 354/79/2021-TRU]

GAURAV SINGH, Dy. Secy.

Note : The principal notification No.1/2017-Integrated Tax (Rate), dated the 28th June, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 666(E), dated the 28th June, 2017, and was last amended vide notification No. 18/2021 – Integrated Tax (Rate), dated the 28th December, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 893(E), dated the 28th December, 2021.

FAQ :

The notification aims to supersede a previous IGST notification and amend existing rates, particularly concerning footwear.

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

An item in Schedule I (5% rate) is being omitted, and a new item for footwear with a sale value not exceeding Rs.1000 per pair is being inserted into Schedule II (12% rate).

No, the new entry specifically applies to footwear with a sale value not exceeding Rs.1000 per pair.

This notification supersedes notification No. 14/2021-Integrated Tax (Rate) dated 18.11.2021 and amends notification No. 1/2017-Integrated Tax (Rate) dated 28.06.2017.

 
Notification No : 21/2021-Integrated Tax (Rate)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-21-2021-igst-rate-english.pdf



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