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Notification No.24/2018-Central Tax (Rate)

Notification No.24/2018-Central Tax (Rate)

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No.24/2018-Central Tax (Rate)

New Delhi, the 31st December 2018

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.1/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 673(E), dated the 28th June, 2017, namely:-

In the said notification, –

(a) in the opening paragraph, after the words, brackets and figures “sub-section (1) of section 9”, the words, brackets and figures “and sub-section (5) of section 15”, shall be inserted;

(b) in Schedule I – 2.5%, –

(i) S. Nos. 23 and 24 and the entries relating thereto shall be omitted;

(ii) after S. No. 123 and the entries relating thereto, the following serial number and entries shall be inserted, namely: –

“123A 2515 11 00 Marble and travertine, crude or roughly trimmed”;

 

(iii) S. No. 198A shall be renumbered as S. No. 198AA, and before S. No. 198AA as so re-numbered, the following serial number and entries shall be inserted, namely:

“198A 4501 Natural cork, raw or simply prepared”;

 

(iv) against S. No. 224, for the entry in column (2), the entry “63 [other than 6305 32 00, 6309] shall be substituted;

(v) against S. No. 225, for the entry in column (3), the entry “Footwear of sale value not exceeding Rs.1000 per pair” shall be substituted;

(vi) for S. No. 225A and the entries relating thereto, the following serial numbers and entries shall be substituted, namely: –

“225A 6602 00 00 Walking-sticks including seat sticks
225B 6815 Fly ash bricks or fly ash aggregate with 90 percent. or more fly ash content; Fly ash blocks”;

 

(vii) against S. No. 234, in the entry in column (3), the following Explanation shall be inserted in the end, namely: –

“Explanation: If the goods specified in this entry are supplied, by a supplier, along with supplies of other goods and services, one of which being a taxable service specified in the entry at S. No. 38 of the Table mentioned in the notification No. 11/2017-Central Tax (Rate), dated 28th June 2017 [G.S.R. 690(E)], the value of supply of goods for the purposes of this entry shall be deemed as seventy percent. of the gross consideration charged for all such supplies, and the remaining thirty percent. of the gross consideration charged shall be deemed as the value of the said taxable service.”;

(viii) S. No. 243A shall be renumbered as S. No. 243B, and before S. No. 243B as so re-numbered, the following serial number and entries shall be inserted, namely: –

“243A 8714 20 Parts and accessories of carriage for disabled persons”;

 

(c) in Schedule II – 6%, –

(i) after S. No. 101 and the entries relating thereto, the following serial numbers and entries shall be inserted, namely: –

“101A 4502 00 00 Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers)
101B 4503 Articles of natural cork such as Corks and Stoppers, Shuttlecock cork bottom
101C 4504 Agglomerated cork (with or without a binding substance) and articles of agglomerated cork”;

 

(ii) S. Nos. 102 and 126 and the entries relating thereto shall be omitted;

(iii) S. No. 171A shall be renumbered as S.No. 171AA, and before S. No. 171AA as so re-numbered, the following serial number and entries shall be inserted, namely:-

“171A 6305 32 00 Flexible intermediate bulk containers”;

 

(iv) against S. No. 173, in the entry in column (3), the words “walking-sticks, seat-sticks,” shall be omitted;

(v) S. No. 177 and the entries relating thereto, shall be omitted;

Download the full Notification No.24/2018-Central Tax (Rate) by clicking the below image:

Notification No.24/2018-Central Tax (Rate)

Source: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-24-2018-cgst-rate-english1.pdf

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