To give effect to Recommendation of 45th GST Council meeting CBIC has issued 22 GST Rate Notifications on 30.09.2021. Notifications amends GST Rate on Services and Goods, Exempts certain services and Goods from GST, notified RCM applicability on supply of mentha oil by unregistered person to registered person and imposed Compensation Cess on Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice w.e.f October 01, 2021. Detailed Analysis is as follows:
Page Contents
- 1. Changes in GST Rates on Services w.e.f October 1, 2021
- 2. Certain Services exempted w.e.f October 1, 2021
- 3. Changes in GST Rates on Goods w.e.f October 01, 2021
- 4. CBIC clarifies that, Seeds, fruit and spores, of a kind used for “sowing” only shall be exempted
- 5. CBIC notified RCM applicability on supply of mentha oil by unregistered person to registered person
- 6. CBIC reduces rate of GST on Fortified Rice Kernel (Premix) supply for ICDS or similar scheme for free distribution to economically weaker sections of the society
- 7. CBIC extends concessional rate benefit to specified drugs used in COVID treatment till December 31, 2021
- 8. Compensation Cess to be levied on Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice w.e.f October 01, 2021
Source Taxguru
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