GST Rates & Classification based on Recommendations of GST Council 47th Meeting: Circular
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- Last Updated on 5 August, 2022
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Circular No. 177/10/2022-GST and Circular No. 179/10/2022-GST dated August 3rd, 2022
The CBIC has issued two circulars to provide clarifications regarding GST rates & classification based on the recommendations of the GST Council in its 47th meeting. Some major clarifications are as follows:
a. It is clarified that past cases of payment of GST on supply of ice-cream by ice-cream parlours at 5% without ITC shall be treated as fully GST paid to avoid unnecessary litigation.
b. It is also clarified that movement of empty containers from Nepal and Bhutan, after delivery of goods there, is a service associated with the transit cargo to Nepal and Bhutan and is therefore covered under the exemption.
c. It is clarified that sale of space for advertisement in souvenir book is covered under serial number (i) of entry 21 of Notification No. 11/2017-Central Tax (Rate) and attracts GST at 5%.
d. It is clarified that location charges or preferential location charges (PLC) paid upfront in addition to the lease premium for long term lease of land constitute part of upfront amount charged for long term lease of land and thus eligible for exemption.
e. It is clarified that services by way of IVF are also covered under the definition of health care services for the purpose of exemption notification.
f. Electric vehicles whether or not fitted with a battery pack, would attract GST rate of 5% and Treated sewage water would attract nil rate of GST.
Click Here To Read The Full Circular
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