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TMI BlogSeeks to further amend notification No. 1/2017-Integrated Tax (Rate) dated 28.06.2017 to change GST rates on goods as per recommendations of the GST Council in its 31st meeting.X X X X Extracts X X X X X X X X Extracts X X X X ..... 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- Integrated 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. 666 (E), dated the 28th June, 2017, namely:- In the said notification, - (a) in the opening paragraph, after the brackets, words and figures (13 of 2017) , the words, brackets and figures read with sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017) , shall be inserted; (b) in Schedule I - 5%, - (i) S. Nos. 23 and 24 and the ent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. 8/2017-Integrated Tax (Rate), dated 28th June, 2017 [G.S.R. 683(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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y: - 121A 4012 Retreaded or used pneumatic tyres of rubber; solid or cushion tyres, tyre 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 the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Lithiumion battery , the words and other Lithium-ion accumulators including Lithium-ion power banks shall be inserted; (iv) 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 c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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