Important Keyword: gst hsn correction notification 02/2017, igst corrigendum july 2017, gst exemption hsn update india, notification 02/2017 amendment,
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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 - Integrated 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-Integrated 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. 667(E), dated the 28th June, 2017,-
In the Schedule,-
(i) in S.No.59, in column (2), for “9”, read “7, 9 or 10”;
(ii) 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 — Integrated Tax (Rate)
Q1: What is this corrigendum about?
Answer: It corrects HSN codes.
Ensures proper classification of exempt goods.
Q2: What changed in Serial No. 59?
Answer: HSN expanded.
From “9” to “7, 9 or 10”.
Q3: What changed in Serial No. 102?
Answer: Additional HSN added.
Now includes 2301 and 2302.
Q4: Does it change GST rate?
Answer: No.
Only classification is corrected.
Q5: Does it affect exemption?
Answer: Yes.
More goods may become exempt.
Q6: Is it retrospective?
Answer: Generally clarificatory.
Interpreted with original notification.
Q7: What is biggest impact?
Answer: Correct tax applicability.
Avoids disputes.
Q8: Can wrong HSN cause penalty?
Answer: Yes.
Leads to tax demand and interest.
Q9: Is this still relevant?
Answer: Yes.
Forms part of GST framework.
Q10: What is common mistake?
Answer: Ignoring updates.
Using outdated classification.
Q11: Does it affect ITC?
Answer: Yes indirectly.
Wrong classification affects ITC.
Q12: Should past returns be checked?
Answer: Yes.
To ensure correct tax treatment.
Q13: Is professional help needed?
Answer: Often yes.
Classification can be complex.
Download PDF: Corrigendum to Notification No. 02/2017 — Integrated Tax (Rate)
More Information: https://taxinformation.cbic.gov.in/
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