Notification No. 05/2024 Explain |IGST Rate Change

Important Keyword: Notification No. 05/2024 – Integrated Tax (Rate), GST 2024 amendments, Trastuzumab GST rate, 9401 motor seat GST, Finodha GST advisory,

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[F. No. CBIC-190354/149/2024-TO(TRU-II)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

New Delhi, the 8^th October, 2024

Notification No. 05/2024 – Integrated Tax (Rate): Seeks to amend Notification No. 1/2017 – Integrated Tax (Rate) dated 28.06.2017.

[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 5 and IGST Act, 2017 (13 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, Ministry of Finance (Department of Revenue), No. 1/2017-Integrated Tax (Rate), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 666(E), dated the 28^th June, 2017, namely:-

In the said notification, –

• after Schedule I – 5% , in List 1, after item number 232 and the entries relating thereto, the following item numbers and entries shall be inserted, namely: –

“(233) Trastuzumab Deruxtecan

• Osimertinib
  • Durvalumab”;
• in Schedule II – 12%, after S. No. 32B and the entries relating thereto, the following S. No. and entries shall be inserted, namely: –

“32C

1905 90 30

Extruded or expanded products, Savoury or salted (other than un-fried or un- cooked snack pellets, by whatever name called, manufactured through process of extrusion)”;

• in Schedule III – 18%, –
• against S. No. 16, in column (3), for the words “un-fried or un-cooked snack pellets, by whatever name called, manufactured through process of extrusion”, the words “ un-fried or un-cooked snack pellets, by whatever name called, manufactured through process of extrusion, extruded or expanded products, savoury or salted” shall be substituted;
• for S. No. 435A and the entries relating thereto, the following S. No. and entries shall be substituted, namely: –

“435A

9401 [other than 9401 10 00 or 9401 20 00]

Seats (other than those of heading 9402), whether or not convertible into beds and parts thereof other than seats of a kind used in aircraft or seats of a kind used for motor vehicles”;

• in Schedule IV – 28%, after S. No. 210 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: –

“210A

9401 20 00

Seats of a kind used for motor vehicles”.

2.            This notification shall come into force on the 10^th day of October, 2024.

(Amreeta Titus)
Deputy Secretary

Note: – The principal notification No. 1/2017- Integrated 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. 666(E), dated the 28^th June, 2017, and was last amended vide notification No. 2/2024 – Integrated Tax (Rate), dated the 12^th July, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 397(E), dated the 12^th July, 2024.

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📚 Frequently Asked Questions (FAQs): Notification No. 05/2024 – Integrated Tax (Rate)

🧾 Summary of Notification No. 05/2024 – IGST (Rate)

Product Type	Schedule	GST Rate
Life-saving Drugs (Cancer, etc.)	I	5%
Savoury Extruded Snacks	II	12%
Snack pellets, certain seats	III	18%
Motor Vehicle Seats (9401 20 00)	IV	28%

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