Official Notification:
Central Government amends GST rates under Section 11 of the CGST Act, 2017, based on Council recommendations.
Changes in Notification:
Amendment in the notification No. 2/2017-Central Tax (Rate), dated June 28, 2017.
Product Code Alterations:
Entry against S. No. 22 updated to "0303, 0304, 0305, 0306, 0307, 0308, 0309."
Entry against S. No. 43B revised to "Vegetables provisionally preserved, but unsuitable for immediate consumption."
Entry against S. No. 49 modified to "Other nuts, fresh such as Almonds, Hazelnuts, etc."
New entry at S. No. 97A for "Tender coconut water" with specific brand conditions.
S. No. 101 and entries omitted.
Entry against S. No. 141 changed to "8807."
Product Scope and Definitions:
Detailed descriptions provided for each amended entry.
Introduction of conditions for specific products.
Legislative Background:
Aligns with the ongoing effort to refine and clarify GST classifications.
Official Statement:
Rajeev Ranjan, Under Secretary to the Government of India, issues the directive.
Impact on Businesses:
Businesses dealing with the revised product categories need to adhere to the updated GST rates and conditions starting the new year.