Background:
The GST Council in its 52nd Meeting, held on October 07, 2023, interalia recommended to create a separate tariff HS Code at 8 Digit Level in the Customs Tariff Act to cover rectified spirit for industrial use and recommended GST rate @18%.
Notification:
Now, the CBIC vide Notification No. 17/2023 Central Tax (Rate) dated October 19, 2023, has inserted Sl. No. 25A and related entries in Schedule III in Notification No. 1/2017 Central Tax (Rate) dated June 28, 2017 which read as follows:
|
Sl. No. |
Chapter/Heading/Sub-heading/Tariff item |
Description of Goods |
|
25A |
2207 10 12 |
Spirit for industrial use |
The Notification will come into force on October 20, 2023.
Similar notifications have 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/1009898/ENG/Notifications
IGST (Rate) Notification: https://taxinformation.cbic.gov.in/view-pdf/1009907/ENG/Notifications
UTGST (Rate) Notification: https://taxinformation.cbic.gov.in/view-pdf/1009916/ENG/Notifications
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