Background:
Earlier, CBIC had issued Notification No. 11/2017- Central Tax (Rate), dated June 28, 2017 (“Services Rate Notification”) w.r.t. the rates for supply of various services under Central Goods and Services Act, 2017 (“CGST Act”).
Following Notification has been issued in respect of the same.
Notification:
Now, the CBIC vide Notification No. 15/2021-Central Tax (Rate) dated November 18, 2021, has further amended the Services Rate Notification to, in a following manner:
- In S. No. 26 of the Services Rate Notification, related to ‘manufacturing services on physical inputs (goods) owned by others’, in item (i), in clause (b) regarding the services by way of job work in relation to textiles and textile products, after the words, “Customs Tariff Act, 1975 (51 of 1975)” the words “except services by way of dyeing or printing of the said textile and textile products” has been inserted. Thus, Job work services w.r.t. dyeing or printing of textile and textile products falling under Chapter 50 to 63 in the First Schedule to the Customs Tariff Act, 1975 (51of 1975) shall be taxable @ 12%
The Notification will come into force with effect from January 1, 2022.
Similar notifications have been passed under Integrated Goods and Services Tax Act, 2017 (“IGST Act”) and Union Territory Goods and Services Tax Act, 2017 (“UTGST Act”).
CGST (Rate) Notification: http://www.a2ztaxcorp.com/wp-content/uploads/2021/11/Notification-15-2021-CGST.pdf
IGST (Rate) Notification: http://www.a2ztaxcorp.com/wp-content/uploads/2021/11/Notification-15-2021-IGST.pdf
UTGST (Rate) Notification: http://www.a2ztaxcorp.com/wp-content/uploads/2021/11/Notification-15-2021-UTGST.pdf
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