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

Last updated: 03 January 2022

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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 theIntegrated Goods and Services Tax Act, 2017(13 of 2017) read with sub-section (5) of section 15 of theCentral 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

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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.

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

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