Revised GST rates, Goods and Services Tax - GST

[RAMESH ANANTHAKRISHNAN]

As per the recent meeting of GST council, GST rates of 27 items have been reduced. Our product also comes under the revised rates. Till date we are clearing our finished goods with existing rate. We checked with our Range officers. They have advised us to wait till the notification issued. Meanwhile our customers asking goods with revised rate. Should we wait till the notification issued?

Kindly advise.

Posts / Replies

[RAJA SWAMINATHAN]

The Validity of the revised rates comes into effect only from the date of notification . Hence it is advisable to wait till the notification is issued.

[KASTURI SETHI]

Normally notifications are enforced from the date of issuance of notification. If any notification is implemented retrospectively, it is specifically mentioned in the notification itself. Here we should not hope for retrospective amendment for reduction of GST. It is better to make clearance after the issuance of notification. It will be issued very soon. All are waiting for.

[RAMESH ANANTHAKRISHNAN]

Thanks for your comment

[Himansu Sekhar]

Revised rates will be applicablevfrom the date of notf.

[MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Sethi.