Important Keyword: GST branded goods exemption India, corrigendum 02/2017 CGST, GST pulses exemption branded, GST exempt goods clarification,
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[F.No.354/117/2017-TRU]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi, the 27th July, 2017
Corrigendum to Notification No. 02/2017 - Central Tax (Rate)
GST: [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]
G.S.R. (E).- In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.2/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 674(E), dated the 28th June, 2017,-
In the Schedule,-
- in S.No.59, in column (2), for “9”, read “7, 9 or 10”;
- in S.No.102, in column (2), for “2302”, read “2301, 2302”.
(Mohit Tewari)
Under Secretary to the
Government of India
📚 Frequently Asked Questions (FAQs): Corrigendum to Notification No. 02/2017 – Central Tax (Rate)
Q1: What is this corrigendum about?
Answer: It corrects Notification 02/2017.
Clarifies exemption conditions.
Q2: What is the main change?
Answer: Branded goods excluded from exemption.
Only unbranded goods remain exempt.
Q3: What is a unit container?
Answer: Pre-packaged goods.
Ready for sale.
Q4: Are branded food items exempt?
Answer: No.
They are usually taxable.
Q5: Why was correction needed?
Answer: To remove ambiguity.
And prevent misuse.
Q6: Does this affect small traders?
Answer: Yes.
Especially FMCG and grocery sellers.
Q7: Is loose product exempt?
Answer: Yes.
If conditions are met.
Q8: What if wrongly treated as exempt?
Answer: Tax demand may arise.
Along with penalty.
Q9: Is this corrigendum still relevant?
Answer: Yes.
Forms basis of GST classification.
Q10: Does branding include trademarks?
Answer: Yes.
Registered brand names.
Q11: Is ITC allowed on exempt goods?
Answer: No.
ITC is not available.
Q12: How to avoid mistakes?
Answer: Verify classification.
Follow notification carefully.
Download PDF: Corrigendum to Notification No. 02/2017 – Central Tax (Rate)
More Information: https://taxinformation.cbic.gov.in/
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