{"id":22590,"date":"2022-07-18T13:00:45","date_gmt":"2022-07-18T07:30:45","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=22590"},"modified":"2023-03-15T18:29:53","modified_gmt":"2023-03-15T12:59:53","slug":"key-update-on-47th-gstc-meeting-recommendations","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/key-update-on-47th-gstc-meeting-recommendations\/","title":{"rendered":"Key Update on 47th\u00a0GSTC Meeting recommendations"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d476b250c2e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d476b250c2e\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/key-update-on-47th-gstc-meeting-recommendations\/#Key_Update_on_47th_GSTC_Meeting_recommendations\" title=\"Key Update on 47th\u00a0GSTC Meeting recommendations.\">Key Update on 47th\u00a0GSTC Meeting recommendations.<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/key-update-on-47th-gstc-meeting-recommendations\/#Seeks_to_amend_exemptions_on_various_services_effective_from_18072022\" title=\"Seeks to amend exemptions on various services effective from 18.07.2022\">Seeks to amend exemptions on various services effective from 18.07.2022<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/key-update-on-47th-gstc-meeting-recommendations\/#Seeks_to_amend_categories_of_services_on_which_tax_shall_be_paid_under_reverse_charge\" title=\"Seeks to amend categories of services on which tax shall be paid under reverse charge\">Seeks to amend categories of services on which tax shall be paid under reverse charge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/key-update-on-47th-gstc-meeting-recommendations\/#Seeks_to_amend_Rate_of_tax_on_various_goods\" title=\"Seeks to amend Rate of tax on various goods\">Seeks to amend Rate of tax on various goods<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/key-update-on-47th-gstc-meeting-recommendations\/#Seeks_to_amend_exemptions_of_various_goods\" title=\"Seeks to amend exemptions of various goods\">Seeks to amend exemptions of various goods<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/key-update-on-47th-gstc-meeting-recommendations\/#Concessional_GST_rate_rationalized_from_5_to_12_for_goods_supplied_for_Petroleum_Coal_bed_methane_operations\" title=\"Concessional GST rate rationalized from 5% to 12% for goods supplied for Petroleum\/ Coal bed methane operations\">Concessional GST rate rationalized from 5% to 12% for goods supplied for Petroleum\/ Coal bed methane operations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/key-update-on-47th-gstc-meeting-recommendations\/#Refund_of_accumulated_unutilized_ITC_in_case_of_inverted_duty_supply_on_supply_of_edible_oils_and_coal_has_been_curtailed\" title=\"Refund of accumulated unutilized ITC in case of inverted duty supply on supply of edible oils and coal has been curtailed\">Refund of accumulated unutilized ITC in case of inverted duty supply on supply of edible oils and coal has been curtailed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/key-update-on-47th-gstc-meeting-recommendations\/#Seeks_to_amend_Notification_on_concessional_rate_on_intra_state_supply_of_bricks_conditional_to_not_availing_the_ITC\" title=\"Seeks to amend Notification on concessional rate on intra state supply of bricks conditional to not availing the ITC\">Seeks to amend Notification on concessional rate on intra state supply of bricks conditional to not availing the ITC<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22591\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/Key-Update-on-47th-GSTC-Meeting-recommendations..jpg\" alt=\"Key Update on 47th\u00a0GSTC Meeting recommendations.\" width=\"839\" height=\"558\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Key_Update_on_47th_GSTC_Meeting_recommendations\"><\/span><span style=\"color: #000080;\"><strong>Key Update on 47<sup>th<\/sup>\u00a0GSTC Meeting recommendations.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There were several proposals presented at the 47th GSTC Meeting. They have already been followed by a number of Non-Tariff Notifications and Circulars from CBIC.<\/p>\n<p>Recently, Central Board of Excise and Customs published a number of tariff notifications to implement suggestions for changes to the rates of various commodities and\/or services as well as adjustments made to exemptions.<\/p>\n<p>The following provides a summary of the changes brought about by the aforementioned Tariff Notifications:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22593\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/9.jpg\" alt=\"47th GSTC Meeting\" width=\"827\" height=\"990\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/9.jpg 769w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/9-250x300.jpg 250w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/p>\n<table style=\"height: 10890px;\" width=\"759\">\n<tbody>\n<tr>\n<td width=\"102\"><strong>CBEC Notification No.<\/strong><\/td>\n<td width=\"84\"><strong>Date of Notification <\/strong><\/td>\n<td width=\"438\"><strong>Summary of Notification <\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>03\/2022-CT(R)<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\"><strong>Seeks to amend CGST Rate on various services effective from 18.07.2022<\/strong><\/p>\n<p><strong><u>Construction Services:<\/u><\/strong><\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Entries No. (iii), (iv), (v), (va), (vi) and (ix) of Serial No. 3 of Construction services providing rate of CGST @ 6% has been omitted and these services shall now be chargeable to GST @ 9% [i.e. 18% CGST + SGST].<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Following Construction services for Entry No. (vii) and (x) of Serial No. 3 providing rate of tax @ 2.5% CGST shall now be chargeable to GST @ 6% [i.e. 12% CGST + SGST]:<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00d8\u00a0\u00a0<\/span>Composite supply of works contract as defined in section 2(119) of of the CGST Act, 2017, involving predominantly earth work (that is, constituting more than 75per cent. of the value of the works contract) provided to the Central Government, State Government, Union territory or a local authority.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00d8\u00a0\u00a0<\/span>Composite supply of works contract as defined in clause (119) of section 2 of the Central Goods and Services Tax Act, 2017 provided by a sub-contractor to the main contractor providing services specified in item (vii) above to the Central,\u00a0 State Government, Union territory or a local authority.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0<\/span>Consequential amendment has been made in Entry No. (xii) of Serial No. 3 of Construction services providing chargeable to GST rate of tax @ 9% [i.e. 18% CGST + SGST].<\/p>\n<p><strong><u>Hotel Accommodation Services:<\/u><\/strong><\/p>\n<p>The services by way of supply of hotel accommodation\u2019 having value of supply of a unit of accommodation less than or equal to INR 7500\/- per unit per day or equivalent shall be chargeable to GST @ 12% under GST.<\/p>\n<p>Earlier by way of this entry, services by way of hotel accommodation were chargeable to GST @ 12% when the value of services of a unit of accommodation is more than INR 1000 but less than INR 7500. Thus Exemption of accommodation services in case unit value is till INR 1000 per day stands withdrawn.<\/p>\n<p><strong><u>Transport of Passenger Services:<\/u><\/strong><\/p>\n<p>Services by way of transport of passengers, with or without accompanied belongings, by ropeways shall be chargeable to GST @ 5% if the credit of input tax charged on goods used in supplying the service has not been taken. Otherwise it shall be chargeable to GST @ 18% if ITC taken.<\/p>\n<p><strong><u>Transport of Goods Services:<\/u><\/strong><\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Changes have been made in Goods Transport Agency Services and GTA can exercise the option to itself pay the tax or not pay the tax itself on yearly basis. GTA can also opt for any rate of tax between chargeable to GST \u00a05% or 12% to pay the tax itself and such option need to be exercised at on or before the 15th March of the Last Financial Year. Further, such option for the FY 2022-23 need to exercised on or before the 16th August, 2022. The option need to exercised by filing of Declaration in Annexure V. Further once the option to pay tax under Forward charge is exercised, such fact need to mentioned in Invoice as per the format provided in Annexure III<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Transport of goods by ropeway shall be chargeable to GST @ 5% if the credit of input tax charged on goods used in supplying the service has not been taken. In case otherwise it shall be chargeable to GST @ 18% if ITC taken.<\/p>\n<p><strong><u>Rental services of transport vehicles with operators<\/u><\/strong><\/p>\n<p>Renting of goods carriage where the cost of fuel is included in the consideration charged from the service recipient shall be chargeable to GST @ 12%.<\/p>\n<p><strong><u>Supporting services in transport<\/u><\/strong><\/p>\n<p>Supporting services in transport shall be chargeable to GST @ 18%. But, this shall not include not include goods transport service involving Goods Transport Agency (GTA) service, which falls under Heading 9965.<\/p>\n<p><strong><u>Financial and Related Services<\/u><\/strong><\/p>\n<p>Following entries providing chargeable to GST rate of tax @ 12% shall be omitted and these services shall be chargeable to GST @ 18%:<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Services provided by a foreman of a chit fund in relation to chit.<\/p>\n<p><strong><u>Manufacturing services on physical inputs (goods) owned by others<\/u><\/strong><\/p>\n<p>Following services chargeable to GST @ 5% has been omitted and same shall be chargeable to GST @ 18%<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Processing of hides, skins and leather falling under Chapter 41 in the First Schedule to the Customs Tariff Act, 1975;<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Manufacture of leather goods or foot wear falling under Chapter 42 or 64 in the First Schedule to the Customs Tariff Act, 1975 respectively;<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Manufacture of clay bricks falling under tariff item 69010010 in the First Schedule to the Customs Tariff Act, 1975.<\/p>\n<p><strong><u>Healthcare Services<\/u><\/strong><\/p>\n<p>Services provided by a clinical establishment by way of providing room [other than Critical Care Unit (CCU)\/Intensive Cardiac Care Unit (ICCU)\/Neo natal Intensive Care Unit (NICU)\/ Intensive Care Unit (ICU)\/] having room charges exceeding INR 5000 per day to a person receiving health care services shall be chargeable to GST @ 5% if the credit of input tax charged on goods and services used in supplying the service has not been taken.<\/p>\n<p><strong><u>Services of disposal of biomedical waste<\/u><\/strong><\/p>\n<p>Services by way of treatment or disposal of biomedical waste or the processes incidental thereto by a common bio-medical waste treatment facility to a clinical establishment shall be taxable @ 12%.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>04\/2022-CT(R)<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\">\n<h3><span class=\"ez-toc-section\" id=\"Seeks_to_amend_exemptions_on_various_services_effective_from_18072022\"><\/span><span style=\"color: #000080;\"><strong>Seeks to amend exemptions on various services effective from 18.07.2022<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Exemption on by way of speed post, express parcel post, life insurance, and agency services provided to a person other than the Central Government, State Government, Union territory has been withdrawn.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Amendment have been made in the exemption on the services by way of renting of residential dwelling for used as a residence. Such services shall now be taxable if provided to a registered person.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on services by a hotel, inn, guest house, club or campsite, by whatever name called, for residential or lodging purposes, having value of supply of a unit of accommodation below or equal to one thousand rupees per day or equivalent has been withdrawn.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on transport of passengers, with or without accompanied belongings, by embarking from or terminating in an airport located in the state of Meghalaya, Mizoram, Arunachal Pradesh, Nagaland, Sikkim, Assam, Manipur or Tripura or at Bagdogra located in West Bengal shall be available in case of air services in economy class only.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on services by way of transportation by rail or a vessel from one place in India to another of railway equipments or materials has been withdrawn.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on services provided by a goods transport agency, by way of transport in a goods carriage of goods, where consideration charged for the transportation of goods on a consignment transported in a single carriage does not exceed one thousand five hundred rupees and goods, where consideration charged for transportation of all such goods for a single consignee does not exceed rupees seven hundred and fifty has been withdrawn.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on services by way of storage or warehousing of spices, raw vegetable fibres such as cotton, copra, sugar-cane, jaggery, flax, jute etc., indigo, unmanufactured tobacco, betel leaves, tendu leaves, coffee and tea has been withdrawn.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption has been provided on Services by the Department of Posts by way of post card, inland letter, book post and ordinary post (envelopes weighing less than 10 grams).<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on following services has been withdrawn:<\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-style: inherit; font-weight: inherit;\">\u00d8\u00a0<\/span>FSSAI to Food Business Operators;<\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-style: inherit; font-weight: inherit;\">\u00d8\u00a0<\/span>Services by the RBI;<\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-style: inherit; font-weight: inherit;\">\u00d8\u00a0<\/span>SEBI set up under the SEBI, 1992 (15 of 1992) by way of protecting the interests of investors in securities and to promote the development of, and to regulate, the securities market;<\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-style: inherit; font-weight: inherit;\">\u00d8\u00a0<\/span>the IRDA to insurers under the IRDA Act, 1999;<\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-style: inherit; font-weight: inherit;\">\u00d8\u00a0<\/span>GSTN to the Central or State Govt or Union territories for implementation of GST;<\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption has been provided on services of Tour operator service, which is performed partly in India and partly outside India, supplied by a tour operator to a foreign tourist, to the extent of the value of the tour operator service which is performed outside India.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on services by way of fumigation in a warehouse of agricultural produce has been withdrawn.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on healthcare services provided by a clinical establishment by way of providing room [other than Intensive Care Unit (ICU)\/Critical Care Unit (CCU)\/Intensive Cardiac Care Unit (ICCU)\/Neo natal Intensive Care Unit (NICU)] having room charges exceeding Rs. 5000 per day to a person receiving health care services has been withdrawn.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on services provided by operators of the common bio- medical waste treatment facility to a clinical establishment by way of treatment or disposal of bio- medical waste or the processes incidental thereto has been withdrawn.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Revamping of exemption on Services by way of training or coaching in (a) recreational activities relating to arts or culture, by an individual, or (b) sports by charitable entities registered U\/s 12AB or 12AAof the Income Tax Act.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on services by way of right to admission to the events organized under FIFA U-17 Women\u2019s World Cup 2020 has been extended to whenever it shall be scheduled.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on services of slaughtering of animals has been withdrawn.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>Exemption on provided by the cord blood banks by way of preservation of stem cells or any other service in relation to such preservation has been withdrawn.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>05\/2022-CT(R)<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\">\n<h3><span class=\"ez-toc-section\" id=\"Seeks_to_amend_categories_of_services_on_which_tax_shall_be_paid_under_reverse_charge\"><\/span><span style=\"color: #000080;\"><strong>Seeks to amend categories of services on which tax shall be paid under reverse charge<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Amendment in the service of GTA has been made which provides that the reverse charge on these services shall not be applicable when:<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00d8\u00a0<\/span>Supplier has taken registration under the CGST Act, 2017 and exercised the option to pay tax on the services of GTA in relation to transport of goods supplied by him under forward charge; and<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00d8\u00a0<\/span>The supplier has issued a tax invoice to the recipient charging Central Tax at the applicable rates and has made a declaration as prescribed in Annexure III on such invoice issued by him.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Central, State Government or Union territory or local authority were not under reverse charge if provided to Business Entity. Such services shall now be taxable under reverse charge if provided to business Entity.<\/p>\n<p><span style=\"font-style: inherit; font-weight: inherit;\">\u00b7\u00a0\u00a0\u00a0<\/span>Service by way of renting of residential dwelling to a registered person shall now be taxed under reverse charge.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>06\/2022-CT(R)<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\">\n<h3><span class=\"ez-toc-section\" id=\"Seeks_to_amend_Rate_of_tax_on_various_goods\"><\/span><span style=\"color: #000080;\"><strong>Seeks to amend Rate of tax on various goods<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Changes have been made in the rate of tax on various goods in line with the recommendations of the 47<sup>th<\/sup>\u00a0GST Council Meeting.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>07\/2022-CT(R)<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\">\n<h3><span class=\"ez-toc-section\" id=\"Seeks_to_amend_exemptions_of_various_goods\"><\/span><span style=\"color: #000080;\"><strong>Seeks to amend exemptions of various goods<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>\u00a0<\/strong>Changes have been made in the exemptions relating to various goods in line with the recommendations of the 47<sup>th<\/sup>\u00a0GST Council Meeting.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>08\/2022-CT(R)<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\">\n<h3><span class=\"ez-toc-section\" id=\"Concessional_GST_rate_rationalized_from_5_to_12_for_goods_supplied_for_Petroleum_Coal_bed_methane_operations\"><\/span><span style=\"color: #000080;\"><strong>Concessional GST rate rationalized from 5% to 12% for goods supplied for Petroleum\/ Coal bed methane operations<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Central Board of Excise and Customs vide Notification No. 3\/2017- Central Tax (Rate) dated 28-June-2017 notified 2.5% concessional CGST rate for supplies for exploration and production w.r.t Petroleum\/ Coal bed methane operations w.e.f. July 01, 2017.<\/p>\n<p>However, the GST Council\u2019s 47th meeting held on June 28-29, 2022 has recommended to rationalize exemption in form of GST concessional rate in the case of supplies made for Petroleum\/Coal bed methane operations from 5% to 12% w.e.f. July 18, 2022.<\/p>\n<p>Thus, by way of this Notification, exemption in form of GST concessional rate in case of supplies made for Petroleum\/Coal bed methane operations has been changes to 12% w.e.f. July 18, 2022.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>09\/2022-CT(R)<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\">\n<h3><span class=\"ez-toc-section\" id=\"Refund_of_accumulated_unutilized_ITC_in_case_of_inverted_duty_supply_on_supply_of_edible_oils_and_coal_has_been_curtailed\"><\/span><span style=\"color: #000080;\"><strong>Refund of accumulated unutilized ITC in case of inverted duty supply on supply of edible oils and coal has been curtailed<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Central Board of Excise and Customs vide Notification No. 5\/2017- Central Tax (Rate) dated 28.06.2017 notified that no refund of unutilised input tax credit shall be allowed under Section 54(3) of the CGST Act, 2017 on supply of certain goods specified therein.<\/p>\n<p>Further, the GST Council\u2019s 47th meeting held on June 28-29, 2022 has recommended to add edible oils and coal as goods against which no refund of accumulated unutilised ITC shall be allowed under Section 54(3) of the CGST Act in order to remove inverted duty structure w.e.f. July 18, 2022.<\/p>\n<p>Thus, by way of this Notification, edible oils and coal has been added to Notification No. 5\/2017- Central Tax (Rate) dated 28.06.2017.<strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>10\/2022-CT(R)<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\">\n<h3><span class=\"ez-toc-section\" id=\"Seeks_to_amend_Notification_on_concessional_rate_on_intra_state_supply_of_bricks_conditional_to_not_availing_the_ITC\"><\/span><strong>Seeks to amend Notification on concessional rate on intra state supply of bricks conditional to not availing the ITC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Central Board of Excise and Customs vide Notification No. 02\/2022- Central Tax (Rate) dated 31.03.2022, provided concessional rate on Fly ash bricks or fly ash aggregate with 90 %\u00a0 or more fly ash content; Fly ash blocks at 3% subject to non availment of ITC.<\/p>\n<p>Such entry has been amended to provide the concessional rate on Fly ash bricks fly ash aggregate and Fly ash blocks only w.e.f. 18.07.2022.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>11\/2022-CT(R)<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\"><b>Seeks to rescinds Notification No. 45\/2017-CT(R) dated 14-11-2017 providing concessional GST rate of 2.5% on scientific and technical equipment&#8217;s supplied to public funded research institutions.<\/b><\/p>\n<p>Notification No. 45\/2017-CT(R) dated 14-11-2017 providing concessional GST rate of 2.5% on scientific and technical equipments supplied to public funded research institutions has been rescinded.<\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>15\/2022-CT<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\"><strong>Seeks to provide the compulsory registration in case of supply of Fly ash bricks irrespective of fly ash content<\/strong><\/p>\n<p>Notification No. 10\/2019-Central Tax dated March 7, 2019 provided compulsory registration a person engaged in supply of Fly ash bricks or fly ash aggregate with 90 % or more fly ash content; Fly ash Blocks irrespective of the threshold limit.<\/p>\n<p>This has now been amended to provide Fly ash bricks; Fly ash aggregates; Fly ash blocks i.e. a supplier of Fly ash bricks; Fly ash aggregates; Fly ash blocks shall be required to get compulsorily registered irrespective of turnover w.e.f 18.07.2022.<strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>16\/2022-CT<\/strong><\/td>\n<td width=\"84\">13-07-2022<\/td>\n<td width=\"438\"><strong>Seeks to provide that manufacturer of Fly ash bricks shall not be eligible for composition scheme irrespective of fly ash content<\/strong><\/p>\n<p>Notification No. 14\/2019 \u2013 Central Tax dated March 7, 2019 provided that the manufacturer of Fly ash bricks or fly ash aggregate with 90 per cent. or more fly ash content; Fly ash Blocks shall not be eligible for composition scheme.<\/p>\n<p>This has now been amended to provide Fly ash bricks; Fly ash aggregates; Fly ash blocks i.e. a supplier of Fly ash bricks; Fly ash aggregates; Fly ash blocks shall not be eligible for composition scheme w.e.f 18.07.2022.<\/p>\n<p><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-22884\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GTA.jpg\" alt=\"GTA\" width=\"1080\" height=\"1080\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GTA.jpg 1080w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GTA-300x300.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GTA-1024x1024.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GTA-150x150.jpg 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GTA-768x768.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GTA-800x800.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22741\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GST.jpg\" alt=\"GST on rent payment \" width=\"846\" height=\"489\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GST.jpg 640w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GST-300x173.jpg 300w\" sizes=\"(max-width: 846px) 100vw, 846px\" \/><\/p>\n<p>On day one of the 47th GST council meeting in Chandigarh, despite media stories and talks in the minister panel earlier in the day, nothing more has been discussed. Numerous important decisions were updated and made on the first day of the meeting, which is being presided over by the Honorable Union Minister of Finance. <span style=\"font-style: inherit; font-weight: inherit;\">The Detailed Notifications can be accessed from following link: <\/span><a style=\"font-style: inherit; font-weight: inherit;\" href=\"https:\/\/taxinformation.cbic.gov.in\/content-page\/explore-notification\" data-auth=\"NotApplicable\" data-linkindex=\"0\">Explore (cbic.gov.in)<\/a><\/p>\n<p><strong>Popular Articles:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/gst-registration-on-8th-december-2018\/\">Registration of GST under Goods and Service Act, 2017<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/gstn-notify-sops-for-verification-of-taxpayers-who-have-granted-deemed-registration.html\">SOP for verification of Taxpayer who granted deemed registration<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/registration-of-gst-made-easier-for-service-providers\/\">Complete knowledge about GST Registration<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Update on 47th\u00a0GSTC Meeting recommendations. There were several proposals presented at the 47th GSTC Meeting. They have already been followed by a number of Non-Tariff Notifications and Circulars from CBIC. Recently, Central Board of Excise and Customs published a number of tariff notifications to implement suggestions for changes to the rates of various commodities &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[6051],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/22590"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=22590"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/22590\/revisions"}],"predecessor-version":[{"id":24245,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/22590\/revisions\/24245"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=22590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=22590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=22590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}