Background:
The GST Council’s 48th meeting was held in Delhi on December 17, 2022 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made the recommended for changes in GST rates w.r.t. ‘Ethyl alcohol supplied to refineries for blending with motor spirit (petrol)’ and ‘Husk of pulses including chilka and concentrates including chuni/churi, khanda’.
The above-mentioned recommendation has been notified vide following notification:
Notification:
The CBIC vide Notification No. 12/2022-Central Tax (Rate), dated December 30, 2022 has issued amendments in Notification No. 1/2017-Central Tax (Rate), dated June 28, 2017 (“the Goods Rate Notification”) in order to align with recommendations of the 48th GST Council Meeting held on December 17, 2022, w.e.f. January 01, 2023, in a following manner:
|
Schedule I – 2.5% |
|||
|
SI. No. |
Chapter / Heading / Sub-Heading / Tariff Item | Existing Entry |
Revised Entry |
|
102 A |
2207 |
Ethyl alcohol supplied to Oil Marketing Companies for blending with motor spirit (petrol) | Ethyl alcohol supplied to Oil Marketing Companies or Petroleum refineries for blending with motor spirit (petrol) |
|
103A |
2302 |
Bran, sharps and other residues, whether or not in the form of pellets, derived from the sifting, milling or other working of cereals or of leguminous plants [other than aquatic feed including shrimp feed and prawn feed, poultry feed and cattle feed, including grass, hay and straw, supplement and husk of pulses, concentrates and additives, wheat bran and de-oiled cake |
Bran, sharps and other residues, whether or not in the form of pellets, derived from the sifting, milling or other working of cereals or of leguminous plants [other than aquatic feed including shrimp feed and prawn feed, poultry feed and cattle feed, including grass, hay and straw, supplement and additives, husk of pulses including chilka, concentrates including chuni or churi, khanda, wheat bran, de-oiled cake |
|
Schedule II – 6% |
|||
|
48 |
2202 99 20 |
Fruit pulp or fruit juice based drinks | Fruit pulp or fruit juice based drinks [other than Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice] |
|
180 |
7310 or 7326 |
Mathematical boxes, geometry boxes and colour boxes, pencil sharpeners |
Mathematical boxes, geometry boxes and colour boxes |
|
Schedule III – 9% |
|||
|
25. |
2207 |
Ethyl alcohol and other spirits, denatured, of any strength [other than ethyl alcohol supplied to Oil Marketing Companies for blending with motor spirit (petrol)] |
Ethyl alcohol and other spirits, denatured, of any strength [other than ethyl alcohol supplied to Oil Marketing Companies or Petroleum refineries for blending with motor spirit (petrol)] |
A similar notification has been passed under the Integrated Goods and Services Tax Act, 2017 (“the IGST Act”) and the Union Territory Goods and Services Tax Act, 2017 (“the UTGST Act”).
CGST (Rate) Notification: https://taxinformation.cbic.gov.in/view-pdf/1009592/ENG/Notifications
IGST (Rate) Notification: https://taxinformation.cbic.gov.in/view-pdf/1009596/ENG/Notifications
UTGST (Rate) Notification: https://taxinformation.cbic.gov.in/view-pdf/1009600/ENG/Notifications
DISCLAIMER: The views expressed are strictly of the author and A2Z Taxcorp LLP. The contents of this article are solely for informational purpose and for the reader’s personal non-commercial use. 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. Further, no portion of our article or newsletter should be used for any purpose(s) unless authorized in writing and we reserve a legal right for any infringement on usage of our article or newsletter without prior permission.
__________________________________________________________________________________________
 |
|
🔰 Special New Year offer on: 📍Online Recorded GST Course on “Scrutiny Notices, Assessment, Audit, Inspection, Search, Seizure and Arrest under GST” (November, 2022)
🔖For Registration: https://www.a2ztaxcorp.in/product/gst-course-new/ Note: Special new Year offer valid till January 06, 2023 Key features of course:
Terms and Conditions:
For details, or any queries, Call us at: 8076563802, 011 42427056 or E-Mail us at: info@a2ztaxcorp.com, intern@a2ztaxcorp.com or Visit: www.a2ztaxcorp.in |