Notification No. 03/2020 – Central Tax (Rate): Seeks to amend notification No. 1/2017-Central Tax (Rate) to prescribe change in CGST rate of goods.

Important Keyword: F. No. 354/34/2020-TRU, Notification No. 03/2020 – Central Tax (Rate), Section 9(1) CGST Act 2017, Section 15(5) CGST Act 2017, Notification No.1/2017-Central Tax (Rate), Notification No. 01/2020- Central Tax (Rate).

[F. No. 354/34/2020-TRU]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

New Delhi, the 25^th March, 2020

Notification No. 03/2020 – Central Tax (Rate)

GST: [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.1/2017-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. 673(E), dated the 28th June, 2017, namely:-

In the said notification, –

1. in Schedule I – 2.5%, serial number 187 and the entries relating thereto shall be omitted;

2. in Schedule II – 6%,-

• after serial number 75 and the entries relating thereto, the following serial number and entries shall be inserted, namely :-

“75A.

3605 00 10

All goods”;

• serial numbers 202 and 203 and the entries relating thereto shall be omitted;

3. in Schedule III – 9%,-

• serial number 73 and the entries relating thereto shall be omitted;

• in serial number 379, for the entry in column (3), the entry “All goods” shall be substituted;

2. This notification shall come into force on the 1^st day of April, 2020.

(Gaurav Singh)
Deputy Secretary to the
Government of India

Note: – The principal notification No.1/2017-Central Tax (Rate), dated the 28^th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 673(E), dated the 28^th June, 2017 and was last amended by notification No. 01/2020- Central Tax(Rate), dated the 21^st February, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number GSR 134(E), dated the 21^st February, 2020.

Read More: Notification No. 04/2020 – Central Tax (Rate): Extension of CGST exemption on services by way of transportation of goods by air or by sea from customs station of clearance in India to a place outside India, by one year i.e. up to 30.09.2021.

Web Stories: Notification No. 04/2020 – Central Tax (Rate): Extension of CGST exemption on services by way of transportation of goods by air or by sea from customs station of clearance in India to a place outside India, by one year i.e. up to 30.09.2021.

Download Pdf: https://taxinformation.cbic.gov.in/