Notification No. 08/2018 – Integrated Tax (Rate) Explained

Important Keyword: GST, CGST, SGST, IGST, Section 6(1) IGST Act 2017, Notification No. 8/2018 - Integrated Tax (Rate), F.No.354/1/2018-TRU, Notification No.2/2017-Integrated Tax (Rate), Notification No. 43/2017-Integrated Tax (Rate).

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[F.No.354/1/2018-TRU]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

New Delhi, the 25^th January, 2018

Notification No. 08/2018 - Integrated Tax (Rate): seeks to amend Notification No. 02/2017-IGST (Rate)

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

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Services Tax 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 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, namely:-

In the said notification, -

• in the Schedule,

• in S. No. 102, for the entry in column (3), the entry “Aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de- oiled cake [other than rice-bran]”, shall be substituted;

• for S. No. 102A and the entries relating thereto, the following serial number and the entries shall be inserted, namely: -

“102A	2302	De-oiled rice bran
102B	2306	Cotton seed oil cake”;

• against S. No. 136A, in column (2), for the entry, the entry “7117” shall be substituted’;
  • in S. No. 137, in column (3), after the words “used in agriculture, horticulture or forestry” the words, “other than ghamella”, shall be added;
  • in S. No. 148, for the entry in column (3), for the entry against item number (v), the entry “Vibhuti”, shall be substituted;

• after S. No. 150 and the entries relating thereto, the following serial number and the entries shall be inserted, namely: -

“151

Any chapter

“Parts for manufacture of hearing aids”;

(Ruchi Bisht)
Under Secretary to the
Government of India

Note: - The principal notification 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, 2017and last amended by Notification No. 43/2017-Integrated Tax (Rate) dated 14th November, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number GSR 1392 (E), dated the, 14th November, 2017.

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📚 Frequently Asked Questions (FAQs): Notification No. 08/2018 – Integrated Tax (Rate)

🏁 Conclusion

Notification No. 08/2018 – Integrated Tax (Rate) introduced important amendments in IGST exemption list, especially benefiting agriculture, animal feed, religious products, and hearing aid manufacturing sectors.

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Download PDF: Notification No. 08/2018 – Integrated Tax (Rate)

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More Information: https://taxinformation.cbic.gov.in/

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