GST – As per recommendation made in the GST Council in its 49th meeting, CBIC has issued Notification to make amendments in goods rate, goods exemption, service rate and reverse charge notification – [Notifications attached]
Notification No. 01/2023, 02/2023, 03/2023 and 04/2023 - Central Tax (Rate) dated 28 February 2023
Key Pointers –
As per recommendation made in the GST Council in its 49th meeting, following amendments are effected by way of issuance of various notifications.
In Notification No.12/2017-Central Tax (Rate), dated the 28th June, 2017 the following amendments are made –
in paragraph 3, in the Explanation, after clause (iv), the following clause shall be inserted, namely: -
“(iva) For removal of doubts, it is clarified that any authority, board or body set up by the Central Government or State Government including National Testing Agency for conduct of entrance examination for admission to educational institutions shall be treated as educational institution for the limited purpose of providing services by way of conduct of entrance examination for admission to educational institutions.”.
In Notification No.13/2017-Central Tax (Rate), dated the 28th June, 2017 in the Explanation, in clause (h), for the words “and State Legislatures” the words “, State Legislatures, Courts and Tribunals” shall be substituted.
In Notification No.1/2017-Central Tax (Rate), dated the 28th June, 2017 the following amendments are made –
Schedule I –2.5%
Against S. No. 91A, in column (3), for the entry, the following entry shall be substituted, namely: -
“Jaggery of all types including Cane Jaggery (gur), Palmyra Jaggery, pre-packaged and labelled; Khandsari Sugar, pre-packaged and labelled; Rab, pre-packaged and labelled ”
Schedule II –6%
after S. No. 186 and entries relating thereto, the following S. No. and entries shall be inserted, namely: -
(1)
(2)
(3)
186A
8214
Pencil sharpeners
Schedule III –9%
against S. No. 302A, in column (3), at the end, the brackets and words “[other than pencil sharpeners]” shall be inserted.
In Notification No.2/2017-Central Tax (Rate) dated 28th July 2017, the following amendments are made:
in the Schedule, against S. No. 94, in Column (3), after the item (ii) and the entries relating thereto, the following item and entry shall be inserted, namely: -
“(iii) Rab, other than pre-packaged and labelled”.
This notification shall come into force on the 1st day of March, 2023.
