GST Tariff (in 2 vols.) Volume 1 & 2

This book contains Four Sections as follows:

(a) Section I: This consists of conceptual explanation relating to the classification of goods and services, composition scheme, payment of tax under the reverse charge and compensation cess.

(b) Section II: This consists of contents relating to the rate of tax for goods wherein the first schedule to the Customs Tariff Act, 1975 is taken and corresponding notified rate of GST and effective rate of

GST is provided. In addition it also consists of rules of interpretation for determining classification; list of section notes and chapter notes useful for classification; list of goods for which the specified rate of tax is applicable irrespective of the classification; table providing the notified rate of tax(including exemption) as per the notifications issued under GST; consolidated list of exempted goods; table of goods on which compensation cess is applicable; list of goods on which tax is payable on reverse charge; table of goods for which the input tax credit is restricted.

(c) Section III: This consists of the scheme of classification of services which will guide the classification of services; Services GST rate table; GST Classification for erstwhile service tax categories with rate of tax; exemption list for services;

(d) Section IV: This consists of a list of valid notifications under GST mapping Central GST Notification with Integrated GST Notification; Text of updated notifications; Circulars issued in relation to rate of tax; Details of the Structure of Goods GST Rate Schedule & Methodology of presentation of data

1. Every Chapter starts with the chapter notes and similarly every section starts with the section notes, these notes are as per the First Schedule to the Customs Tariff Act, 1975, which is made applicable to GST law for identifying the classification of goods to determine the rate of tax in the relevant notification issued by Governments.

2. The Rules for interpretation of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), including the Section and Chapter Notes and the General Explanatory Notes of the First Schedule shall, so far as may be, apply to the interpretation of this book is provided separately which provide guidelines as to classification of goods.

3. Every chapter contains a Table having 8 columns. The description and details of each column are as follows:

(1) Tariff Item: Eight HSN Code as per the First Schedule to the Customs Tariff Act, 1975

(2) Description of goods: The description of the article or group of articles covered by the said heading as per the said First Schedule to the Customs Tariff Act, 1975

(3) Unit: Gives the unit of measurement as per the First Schedule ibid.

(4) CGST: Gives rate of tax as notified by The Central Government in terms of Section 9(1) of the Central Goods and Services Tax Act, 2017. This is different from the effective rate which would be after considering any exemption notification issued.

(5) SGST/UTGST: Gives rate of tax as notified by the respective State Government/Central Government (in respect of Union Territory) under Section 9(1) of respective State Goods and Service Tax Act 2017 and similarly Section 7(1) of Union Territory State Goods and Service Tax Act 2017.

(6) IGST: Gives rate of tax notified under section 5(1) of Integrated Central Goods and Service Tax Act 2017.

(7) The effective Combined rate-gives effective rate of tax as applicable as on the date of publishing the book, after considering the applicable exemptions (if any)

(8) Ref & Notes: Gives note as to the rate, which has been specified in the said table.

10 How to use the book and Notes

4. Below the table Reference and Notes are given, which needs to be referred to finally ascertain the applicable rate of tax on goods.

5. The rate of tax as specified under CGST/SGST(UTGST)/IGST column will give the base rate as applicable as on the date of publishing the book, in terms of Notification No. 1/2017-Central Tax (Rate) and Notification No. 1/2017 Integrated Tax (Rate), dated 28.06.2017 as amended from time to time.

6. Where the rate of tax for any goods have got amended, then CGST/SGST(UTGST)/IGST column will have latest rate i.e. the rate of tax as applicable as on the date of publishing of the book with a corresponding reference of note number in ‘Ref & Notes’ column where the details of tax rate as applicable during the period from the 01.07.2017 till the date of publishing of the book, reference of Notification number vide which amendment has taken place has been will be specified. However where the number of amendments of more than only period and effective rate applicable for that period is specified ( no reference of Notification Number has been made in such case)

7. Where the goods are subject to any exemption, in the ‘effective combined rate’ column the rate of tax would be Nil with a corresponding note reference where details of the description of goods, the effective date of exemption and reference to Notification number has been specified. However, in CGST/SGST (UTGST)/IGST column base rate of the good will be specified.

8. In case multiple goods are covered under the same tariff item, which is subject to the different rate of tax including exemption then the separate rate of tax would be specified by giving a backslash (/). In the Ref & Notes, the details of goods with the respective rates would be mentioned.

9. In addition to the above, notes also contain details of those goods which may be exempted or chargeable to tax at a specified rate which could not be covered by any specific heading.