Amendment in rate of tax under for various goods and services

The CBEC vide Notification No. 41/2017-Central Tax (Rate) dated 14th November 2017 effective from 15th November 2017 reduced GST rate on goods from 28% to 18% on goods falling in 178 headings at 4-digit level (including 4 tariff heading that are partially pruned).  After these changes, only 50 items will attract GST rate of 28%.

 

[pdf-embedder url=”https://vjmglobal.com/wp-content/uploads/2017/11/notfctn-41-cgst-rate-english.pdf”]

DISCLAIMER: The views expressed are strictly of the author and VJM & Associates LLP. The contents of this article are solely for informational purpose. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon.

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