Notification No. 8/2021 - Central Tax (Rate)

GST Amendment Highlights: Amendments under CGST Act, 2017, reflect changes in tax rates based on Council recommendations. Notification No.1/2017-Central Tax (Rate), dated June 28, 2017, undergoes multiple modifications.

Schedule I - 2.5% Rate: Introduction of new entries, such as Tamarind seeds for non-sowing use and Bio-diesel for blending with High-Speed Diesel. Omission of entries 138 to 148 and 187A, with an insertion of Pembrolizumab and Retrofitment kits for disabled vehicles.

Schedule II - 6% Rate: Alteration in entry against S. No. 80A for Bio-diesel and removal of entries 122, 127 to 132, 205A to 205H, and 232. Inclusion of renewable energy devices and parts with an explanation on the value of supply for specific cases.

Schedule III - 9% Rate: New entries encompassing various ores like Iron, Manganese, Copper, Nickel, Cobalt, Aluminium, Lead, Zinc, Tin, and Chromium. Replacement of entry 153A with various paper and packaging materials and addition of categories like Plastic waste, Unused postage stamps, and Transfers.

Effective Date: The amendments are effective from the 1st day of October 2021, ensuring immediate implementation.

Official Confirmation: Rajeev Ranjan, Under Secretary to the Government of India, authorizes the amendments, providing an official seal to the changes.

Historical Reference: Refers to the initial notification of June 28, 2017, establishing a timeline of changes in GST rates and provisions.