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TMI BlogSeeks to further amend notification No. 1/2017-Central Tax (Rate) dated 28.06.2017 to change GST rates on goods as per recommendations of the GST Council in its 31st meetingX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 inserte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 017-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 per cent. of the gross consideration charged for all such supplies, and the remaining thirty per cent. of the gross consideration charged shall be deemed as value of the said taxable service. ; (viii) S. No. 243A shall be re-numbered 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 fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... treads and tyre flaps, of rubber ; (ii) S. Nos. 142, 143 and 144 and the entries relating thereto shall be omitted; (iii) against S. No. 369A, for the entry in column (3), the entry Transmission shafts (including cam shafts and crank shafts) and cranks; bearing housings and plain shaft bearings; gears and gearing; ball or roller screws; gear boxes and other speed changers, including torque converters; flywheels and pulleys, including pulley blocks; clutches and shaft couplings (including universal joints) shall be substituted; (iv) after S. No. 376AA and the entries relating thereto, the following serial number and entries shall be inserted, namely: - 376AAA 8507 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) S. No. 151 and the entries relating thereto shall be omitted; (v) against S. No. 154, in the entry in column (3), for the figures and word 20 inches and the figures and letters 68 cm , the figures and word 32 inches shall respectively be substituted; (vi) for S. No. 174 and the entries relating thereto, the following serial number and the entries shall be substituted, namely: - 174 8714 Parts and accessories of vehicles of heading 8711 ; (vii) S. No. 215 and the entries relating thereto shall be omitted. 2. This notification shall come into force on the 1st January, 2019. [F.No.354/432/2018-TRU] (Gunjan Kumar Verma) Under Secretary to the Gov ..... X X X X Extracts X X X X X X X X Extracts X X X X
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