The 56th GST Council Meeting, held on 3rd September 2025, delivered a sweeping package of tax reforms aimed at simplifying compliance, reducing costs, and reinforcing India’s ease-of-doing-business agenda. Key measures include slashing GST rates on sectors like cement and pharmaceuticals to boost infrastructure and healthcare; revising place-of-supply rules for intermediary services to end litigation and support exports; introducing automated, risk-based 90 % provisional refunds for zero-rated supplies and inverted duty credits; eliminating refund thresholds for low-value exports; launching a fast-track simplified GST registration scheme for small and e-commerce suppliers; operationalising the GST Appellate Tribunal (GSTAT) with cut-off timelines for backlog appeals; and granting service-tax exemptions on individual health insurance. Together, these reforms aim to foster legal clarity, liquidity, and stimulus across the economy.
The GST Council’s recent proposals in the meeting dated 03-09-2025 underline the Government’s commitment to building a simpler, transparent, and growth-oriented tax framework.
The reduction in GST rates on cement, pharmaceuticals, and other essential sectors is expected to ease costs for businesses and consumers alike. Lower cement rates will directly benefit infrastructure and housing, while reduced pharmaceutical rates will improve healthcare affordability and accessibility. Together, these measures are set to stimulate demand and provide a broader push to economic activity. The amendments to the place of supply rules for intermediaries and the revised framework for tax adjustments on discounts address long-standing interpretational disputes. By clarifying these provisions, the reforms are expected to significantly reduce litigation, ease compliance, and create a more predictable tax environment for businesses.
Institutional reforms have also been prioritised. The Goods and Services Tax Appellate Tribunal (GSTAT) will start accepting appeals by September and begin hearings by December this year. With the Council setting 30-06-2026 as the deadline for filing backlog appeals, a time-bound resolution framework is being established.
Complementing these reforms, the proposed service tax exemption for individual health insurance, along with reinsurance thereof, reflects the Government’s intent to make insurance more affordable, expand coverage, and strengthen social security and healthcare systems.
Together, these initiatives mark a comprehensive reform package reducing costs, providing legal clarity, and strengthening institutional mechanisms. By balancing economic stimulus with compliance ease, the reforms reinforce GST’s role as a cornerstone of India’s growth and ease of doing business.
Table of Contents
- Recommended to Omit the Specific Provision Under Section 13(8)(b) of the IGST Act with Respect to Determination of Place of Supply of Intermediary Services
- Recommended to Amend Section 15 and Section 34 of the CGST Act in Respect of Post-Sale Discount
- Recommendation for Sanction of Risk-Based Provisional Refund on Account of Zero-Rated Supplies
- Recommendation for Risk-Based Provisional Refunds Arising Out of Inverted Duty Structure (IDS)
- Recommendation to Amend the CGST Act for GST Refunds on Low-Value Export Consignments
- Recommendation to Introduce a Simplified GST Registration Scheme for Small and Low-Risk Taxpayers
- Recommendation to Introduce Simplified GST Registration Mechanism for Small Suppliers Operating Through E-Commerce Operators
- Other Recommendations
- Rate Rationalisation
1. Recommended to Omit the Specific Provision Under Section 13(8)(b) of the IGST Act with Respect to Determination of Place of Supply of Intermediary Services
It is recommended to omit the specific provision of place of supply for intermediary services under Section 13(8)(b) of the Integrated Goods and Services Tax Act, 2017 (‘IGST Act’). Once omitted, the place of supply of intermediary services will be determined as per the default provision in Section 13(2) of the IGST Act, i.e., the location of the recipient of services.
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Taxmann’s Comments |
| Determination of the place of supply is fundamental under GST, as it decides whether a supply is intra-State or inter-State, and in turn whether the Central Goods and Services Tax Act, 2017 (‘CGST’) and the State Goods and Services Tax Act, 2017 (‘SGST’)/ Union Territory Goods and Services Tax Act, 2017 (‘UTGST’) or IGST is levied.
Section 13(8) (b) of the IGST Act provides that for intermediary services, the place of supply is deemed to be the location of the supplier. This rule has significant implications in cross-border transactions where either the supplier or the recipient is outside India. Intermediary Services and Export of Services A key requirement for any service to qualify as an export of services is that the place of supply must be outside India. However, since intermediary services are deemed to be supplied at the location of the supplier, services provided by an intermediary in India are regarded as domestic supplies even when rendered to a foreign client. Consequently:
Litigation and Judicial View This position was challenged, and the Bombay High Court[1] upheld the constitutional validity of Section 13(8)(b), which mentioned that said provision should be confined to the IGST Act only, and tax under the CGST Act and SGST Act (MGST Act) cannot be levied on the said transaction. Proposed Amendment
At the same time, this change would also ensure that where the intermediary is located outside India and the service recipient is in India, the transaction would be liable to GST under the reverse charge mechanism (RCM), thereby safeguarding India’s revenue interest. |
2. Recommended to Amend Section 15 and Section 34 of the CGST Act in Respect of Post-Sale Discount
- It is recommended to amend Sections 15 and 34 of the CGST Act with respect to post-sale discounts.
- It is proposed that section 15(3)(b)(i) of the CGST Act may be omitted, thereby removing the requirement that post-supply discounts must be established under an agreement made before or at the time of supply and specifically linked to relevant invoices. Corresponding amendments have been proposed in Section 34 to ensure that when such a credit note reduces the value of supply, the recipient will be required to reverse the related input tax credit (‘ITC’).
- It is also recommended to rescind Circular No. 212/6/2024–GST, dated 26-06-2024, which laid down a mechanism for ensuring compliance with the conditions under Section 15(3)(b)(ii).
- Further, the Council has recommended issuing a clarification on the treatment of post-sale discounts, including:
a) Non-reversal of ITC in cases where discounts are given through financial/commercial credit notes
b) Whether post-sale discounts provided by manufacturers to dealers constitute additional consideration in the transaction between dealers and end-customers
c) Whether post-sale discounts should be treated as consideration for promotional activities undertaken by dealers.
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Taxmann’s Comments |
Under Section 15(3) of the CGST Act, discounts may be excluded from the value of supply if:
a) Such discounts were agreed at or before the time of supply and linked to specific invoices The requirement that post-supply discounts to be pre-agreed ‘at or before’ supply and linked to invoices has led to disputes due to strict interpretation by tax authorities. The proposed omission of Section 15(3)(b)(i) is intended to reduce such litigation. Section 34(1) currently does not explicitly permit the issuance of credit notes for post-supply discounts not contemplated at the time of supply. To fill this gap, CBIC had issued Circular No. 212/6/2024–GST, requiring suppliers to obtain certificates from recipients confirming ITC reversal. However, this was only a stopgap measure pending system changes. The Council’s recommendation to amend Section 15(3) (b) and Section 34 will provide a clear legal basis for using credit notes to account for post-supply discounts and ensure ITC reversal by recipients. Nonetheless, in practice, suppliers may still face challenges in verifying whether recipients have actually reversed ITC or not. The Council also proposes fresh clarifications on contentious issues such as treatment of commercial credit notes, dealer incentives, and promotional discounts. It is noteworthy that earlier CBIC attempts to clarify similar matters, through Circular No. 105/24/2019–GST, dated 28-06-2019, had to be withdrawn ab initio by Circular No. 112/31/2019–GST, dated 03-10-2019, following stakeholder concerns. The renewed attempt may once again invite interpretational disputes. The proposed amendments aim to simplify the legal framework on post-sale discounts by aligning the treatment of discounts with credit note provisions, ensuring ITC reversals, and reducing litigation. However, the forthcoming clarifications will need to be carefully drafted to avoid repeating past interpretational challenges. |
3. Recommendation for Sanction of Risk-Based Provisional Refund on Account of Zero-Rated Supplies
- It is proposed to amend Rule 91(2) of the CGST Rules to allow sanction of 90% of the refund claimed as provisional refund based on system-driven risk evaluation for zero-rated supplies (exports of goods or services, or supplies to SEZ units/developers for authorised operations).
- In cases flagged as high risk, the proper officer may, after recording reasons in writing, withhold provisional sanction and undertake detailed scrutiny of the refund application.
- A notification will also be issued specifying certain categories of taxpayers who will not be eligible for a provisional refund. The revised framework will take effect from 1st November, 2025.
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Taxmann’s Comments |
| Section 54(6) of the CGST Act and Rule 91 already allow 90% of refund sanction on zero-rated supplies (through Form RFD-04/Form RFD-05), subject to certain conditions. The amendment proposes to strengthen this by introducing a system-based risk assessment, reducing subjectivity and human intervention.
In cases identified as high risk, officers will be required to record written reasons when withholding provisional refunds. This ensures accountability and protects taxpayers from arbitrary decisions. Faster refund processing will ease working capital pressures on exporters and SEZ suppliers. It will improve their global competitiveness and bring India’s refund mechanism closer to international best practices. |
4. Recommendation for Risk-Based Provisional Refunds Arising Out of Inverted Duty Structure (IDS)
- It is proposed to amend Section 54(6) of the CGST Act to allow provisional sanction of 90% of refund claims arising out of an inverted duty structure (‘IDS’), similar to the mechanism currently applicable for refunds on zero-rated supplies.
- Pending this legislative amendment, CBIC will issue instructions directing field formations to grant 90% of the claimed refund provisionally, based on system-driven risk evaluation, as proposed in the case of zero-rated supply refunds.
The revised framework will take effect from 01-11-2025.
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Taxmann’s Comments |
| Section 54(3) of the CGST Act, read with Rule 89(5) of the CGST Rules, permits refund of unutilised input tax credit (ITC) arising from an IDS, though restricted only to ITC on inputs. This position has been upheld by the Supreme Court.
Currently, such refunds are sanctioned only after a detailed scrutiny, which often results in delays and refund pendency. Extending the provisional refund mechanism under Section 54(6) to IDS cases marks a significant policy shift, placing IDS refunds at par with refunds on zero-rated supplies. This will enable 90% of the refund to be released upfront on a provisional basis, subject to automated risk-based checks, thereby easing the burden on taxpayers while protecting revenue interests. The proposal does not alter refund eligibility criteria. As per law, ITC on input services will continue to remain excluded from IDS refunds. CBIC’s plan to issue interim instructions even before statutory changes come into effect will ensure immediate relief to taxpayers by operationalising provisional refunds without delay. The proposal to extend provisional refunds to IDS cases is a welcome step that strikes a balance between taxpayer facilitation and revenue safeguards through risk-based evaluation. It has the potential to reduce refund pendency, improve liquidity for businesses, and align refund administration with the government’s broader policy of simplifying GST compliance and ease of doing business. |
5. Recommendation to Amend the CGST Act for GST Refunds on Low-Value Export Consignments
It is proposed to amend Section 54(14) of the CGST Act, 2017, to remove the existing threshold limit for refunds on exports made with payment of tax. This measure will particularly benefit small exporters, including those exporting through courier or postal modes.
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Taxmann’s Comments |
| Under the current GST framework, Section 54(14) of the CGST Act restricts refunds if the claim amount is less than ₹1,000 per tax head. This statutory threshold has posed significant challenges for micro and small exporters, especially in the e-commerce sector and in postal/courier-based exports, where many consignments are of low value and consequently become ineligible for refunds.
The removal of this threshold will ensure that every genuine refund claim is admissible, irrespective of value, thereby unlocking a large number of pending refund claims tied to small-value shipping bills. This reform will also align India’s GST framework with international best practices, which generally do not impose minimum thresholds for export-related refunds. In doing so, it will enhance the ease of doing business and foster growth in the cross-border e-commerce segment. |
6. Recommendation to Introduce a Simplified GST Registration Scheme for Small and Low-Risk Taxpayers
It is recommended to introduce an optional simplified GST registration scheme designed specifically for small and low-risk taxpayers.
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Taxmann’s Comments |
| The proposed scheme seeks to reduce compliance complexity and provide a faster, more efficient registration process for small and low-risk taxpayers. The proposed scheme shall be operational from 01-11-2025.
Eligible applicants will receive automatic GST registration within three working days of submitting their application, significantly shortening the current approval timelines. The scheme will apply to taxpayers:
Participation in the scheme will be voluntary, allowing taxpayers to opt in or out as per their preference. Under the current GST framework, registration approval requires manual verification by officers, including document scrutiny and, in some cases, physical site visits. This often causes delays, compliance burden, and uncertainty for small taxpayers, discouraging timely entry into the GST system. The proposed scheme is expected to benefit nearly 96% of new GST applicants, offering quicker market entry and reduced compliance hurdles. By automating registration for low-risk taxpayers, the scheme will also optimise administrative resources, enabling officers to focus on high-risk cases. This initiative represents a significant step towards improving the ease of doing business under GST. By combining voluntary participation, automated approvals, and risk-based evaluation, it will streamline registration for small taxpayers while ensuring revenue protection through continued monitoring of higher-risk cases. |
7. Recommendation to Introduce Simplified GST Registration Mechanism for Small Suppliers
It is recommended to introduce a simplified GST registration mechanism for small suppliers making supplies through E-commerce Operators (‘ECOs’) across multiple states, as such suppliers currently face significant challenges in maintaining a Principal Place of Business (‘PPoB’) in every state.
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Taxmann’s Comments |
| E-commerce sector is on a growth trajectory and has a cascading effect on all sectors of the economy with the potential to reshape the Indian economy as we move forward into the next decade.
Under the current GST framework, any supplier selling goods through an ECO is mandatorily required to obtain GST registration, regardless of turnover. By contrast, suppliers operating offline enjoy exemption thresholds of ₹40 lakhs (for goods) and ₹20 lakhs (for services). This disparity places e-commerce sellers at a disadvantage, as they lose the benefit of exemption upon making their first online supply. The requirement to obtain registration and maintain a physical PPoB in each state of operation imposes:
Introducing a simplified GST registration framework for small suppliers selling through ECOs would address current compliance challenges, lower operational costs, and promote broader adoption of e-commerce. This reform would enhance the competitiveness of small businesses while supporting the growth and formalisation of India’s digital marketplace. |
8. Other Recommendations
- It is proposed to insert an explanation under the definition of ‘specified premises’ for determining the taxability of restaurant services. This clarification will ensure that a stand-alone restaurant cannot classify itself as a ‘specified premises’ and, consequently, will not be eligible to pay GST at 18% with ITC.
- The Goods and Services Tax Appellate Tribunal (‘GSTAT’) will be made operational for accepting appeals by the end of September and is expected to commence hearings by the end of December this year. The Council has further recommended 06.2026 as the cut-off date for filing backlog appeals. The Principal Bench of the GSTAT will also function as the National Appellate Authority for Advance Ruling (‘NAAAR’).
- It is proposed to grant an ad hoc exemption from IGST and Compensation Cess on the import of a new armoured sedan car by the President’s Secretariat for the official use of the President of India.
- Amendments to the GST valuation rules are recommended to align them with the revised tax rate applicable to lottery tickets.
- It is recommended to introduce retail sale price (RSP) based valuation under GST for Pan Masala, Cigarettes, Gutkha, Chewing Tobacco, Zarda, Scented Tobacco, and Unmanufactured Tobacco. Accordingly, necessary amendments will be made to the CGST Rules, 2017 and relevant notifications.
- The revised GST rates on services and goods (other than Pan Masala, Gutkha, Cigarettes, Chewing Tobacco products such as Zarda, Unmanufactured Tobacco, and Bidi) will come into effect from 22-09-2025.
- For Pan Masala, Gutkha, Cigarettes, Chewing Tobacco products such as Zarda, Unmanufactured Tobacco, and Bidi, the current GST rates along with applicable Compensation Cess shall continue until the outstanding loan and interest obligations under the Compensation Cess account are fully settled.
9. Rate Rationalisation
- The Council has recommended that the changes in GST rates of all services and all goods except pan masala, gutkha, cigarettes, chewing tobacco products like zarda, unmanufactured tobacco and bidi, will be implemented w.e.f. 22-09-2025.
- An illustrative list of sector-wise changes in rates of goods are as follows:
FOOD SECTOR
HSN Code
Description of Goods Existing Rates
Proposed Rates
0401
Ultra-High Temperature (UHT) milk 5%
Nil
0406
Chena or paneer, pre-packaged and labelled 5%
Nil
1905
Pizza bread 5%
Nil
1905 or 2106
Khakhra, chapathi or roti 5%
Nil
2106
Paratha, parotta and other Indian breads by any name called 18%
Nil
0402 91 10, 0402 99 20
Condensed milk 12%
5%
0405
Butter and other fats (i.e. ghee, butter oil, etc.) and oils derived from milk; dairy spreads 12%
5%
0406
Cheese 12%
5%
0802
Other Nuts, dried, such as almonds, peanuts, chestnuts, whether or not shelled or peeled 12%
5%
0804
Dates (soft or hard), figs, pineapples, avocados, guavas, mangoes (other than mangoes sliced, dried) and mangosteens, dried 12%
5%
0805
Citrus fruit 12%
5%
0813
Fruit, dried, other than that of headings 0801 to 0806; mixtures of nuts or dried fruits of Chapter 8 [other than dried tamarind] 12%
5%
1501
Pig fats (including lard) and poultry fat, other than that of heading 0209 or 1503 12%
5%
1502
Fats of bovine animals, sheep or goats, other than those of heading 1503 12%
5%
1504
Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified 12%
5%
1601
Sausages and similar products, of meat, meat offal, blood or insects; food preparations based on these products 12%
5%
1701 91, 1701 99
All goods, including refined sugar containing added flavouring or colouring matter, sugar cubes (other than those which attract 5% or nil GST) 12%
5%
1704
Sugar-boiled confectionery 12%
5%
1902
Pasta, whether or not cooked or stuffed (with meat or other substances) or otherwise prepared, such as spaghetti, macaroni, noodles, lasagne, gnocchi, ravioli, cannelloni, couscous, whether or not prepared 12%
5%
2004
Other vegetables prepared or preserved otherwise than by vinegar or acetic acid, frozen, other than products of heading 2006 12%
5%
2007
Jams, fruit jellies, marmalades, fruit or nut purée and fruit or nut pastes, obtained by cooking, whether or not containing added sugar or other sweetening matter 12%
5%
2009 89 90
Tender coconut water, pre-packaged and labelled 12%
5%
2106 90
Namkeens, bhujia, mixture, chabena and similar edible preparations ready for consumption form (other than roasted gram), pre-packaged and labelled 12%
5%
2106 90 91
Diabetic foods 12%
5%
2201
Drinking water packed in 20-litre bottles 12%
5%
2202 99 10
Soya milk drinks 12%
5%
2202 99 20
Fruit pulp or fruit juice-based drinks [other than Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice] 12%
5%
2202 99 30
Beverages containing milk 12%
5%
1704
Sugar confectionery [other than mishri, batasha, bura, sakar, khadi sakar, harda, sakariya, gatta, kuliya, elaichidana, lukumdana, chikkis like puffed rice chikki, peanut chikki, sesame chikki, til chikki, til patti, til revdi, sugar makhana, groundnut sweets, gajak and sugar boiled confectionery] 18%
5%
1805
Cocoa powder, not containing added sugar or sweetening matter 18%
5%
1806
Chocolates and other food preparations containing cocoa 18%
5%
1904
All goods, i.e. Corn flakes, bulgar wheat, and prepared foods obtained from cereal flakes 18%
5% 1905
Pastry, cakes, biscuits and other bakers’ wares, whether or not containing cocoa; communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products 18%
5% 2105 00 00
Ice cream and other edible ice, whether or not containing cocoa 18%
5% 2201
Waters, including natural or artificial mineral waters and aerated waters, not containing added sugar or other sweetening matter, nor flavoured 18%
5% 2202 91 00, 2202 99
Other non-alcoholic beverages 18%
40% 2106 90 20
Pan masala 28%
40% 2202 10
All goods [including aerated waters], containing added sugar or other sweetening matter or flavoured 28%
40% 2202 99 90
Caffeinated Beverages 28%
40% 2202
Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice 28%
40%
TOBACCO SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
1404 90 10
Bidi wrapper leaves (tendu) 18%
5% 1404 90 50
Indian katha 18%
5% 2403
*Bidi 28%
18% 2401
*Unmanufactured tobacco; tobacco refuse [other than tobacco leaves] 28%
40% 2402
*Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes 28%
40% 2403
*Other manufactured tobacco and manufactured tobacco substitutes; ‘homogenised’ or ‘reconstituted’ tobacco; tobacco extracts and essences 28%
40% 2404 11 00
*Products containing tobacco or reconstituted tobacco and intended for inhalation without combustion 28%
40% 2404 19 00
*Products containing tobacco or nicotine substitutes and intended for inhalation without combustion 28%
40%
*To be effective from a date to be notified based on the discharging of the entire loan and interest liability on account of compensation cess AGRICULTURE SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
8408
Fixed Speed Diesel Engines of power not exceeding 15HP 12%
5%
8414 20 20
Other hand pumps 12%
5% 8424
Sprinklers; drip irrigation system including laterals; mechanical sprayers 12%
5% 8479
Composting Machines 12%
5% 8701
Tractors (except road tractors for semi-trailers of engine capacity more than 1800 cc) 12%
5% 8716 80
Hand-propelled vehicles (e.g. hand carts, rickshaws and the like); animal-drawn vehicles 12%
5%
FERTILISER SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
2807
Sulphuric acid 18%
5% 2808
Nitric acid 18%
5% 2814
Ammonia 18%
5% 29 or 380893
Gibberellic acid 12%
5% 3808
Certain Biopesticides 12%
5% 4011
Rear tractor tyres and rear tractor tyre tubes 18%
5% 4011 70 00
Tyre for tractors 18%
5% 4013 90 49
Tube for tractor tyres 18%
5% 8408 20 20
Agricultural Diesel Engine of cylinder capacity exceeding 250 cc for Tractor 18%
5% 8413 81 90
Hydraulic Pumps for Tractors 18%
5% 8708
Various parts of tractors 18%
5% 8708 99 00
Hydraulic and its parts thereof for tractors 18%
5%
COAL SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
2701
Coal, briquettes, ovoids and similar solid fuels manufactured from coal 5%
18% 2702
Lignite, whether or not agglomerated, excluding jet 5%
18% 2703
Peat (including peat litter), whether or not agglomerated 5%
18%
RENEWABLE ENERGY SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
7321 or 8516
Solar cookers 12%
5% 8419 12
Solar water heater and system 12%
5% 84, 85 or 94
Following renewable energy devices and parts: - Bio-gas plant;
- Solar power-based devices;
- Solar power generator;
- Wind mills, Wind Operated, Electricity Generator (WOEG);
- Waste-to-energy plants/devices;
- Solar lantern/solar lamp;
- Ocean waves/tidal waves, energy devices/plants;
- Photovoltaic cells, whether assembled in modules or made up into panels.
12%
5%
87
Fuel Cell Motor Vehicles, including hydrogen vehicles based on fuel cell technology 12%
5%
TEXTILE SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
5401
Sewing thread of manmade filaments, whether or not put up for retail sale 12%
5% 5402, 5403, 5404,5405, 5406
Synthetic or artificial filament yarns 12%
5% 5508
Sewing thread of manmade staple fibres 12%
5% 5509, 5510, 5511
Yarn of manmade staple fibres 12%
5% 5603
Nonwovens, whether or not impregnated, coated, covered or laminated 12%
5% 5604
Rubber thread and cord, textile-covered; textile yarn and strip and the like of heading 5404 or 5405, impregnated, coated, covered or sheathed with rubber or plastics 12%
5% 5607
Twine, cordage, ropes and cables, whether or not plaited or braided and whether or not impregnated, coated, covered or sheathed with rubber or plastics [other than jute twine, coir cordage or ropes] 12%
5% 5609
Articles of yarn, strip or the like of heading 5404 or 5405, twine, cordage, rope or cables, not elsewhere specified or included 12%
5% 5701
Carpets and other textile floor coverings, knotted, whether or not made up 12%
5% 5810
Embroidery in the piece, in strips or in motifs, embroidered badges, motifs and the like 12%
5% 5903
Textile fabrics impregnated, coated, covered or laminated with plastics, other than those of heading 5902 12%
5% 5905
Textile wall coverings 12%
5% 5906
Rubberised textile fabrics, other than those of heading 5902 12%
5% 5907
Textile fabrics otherwise impregnated, coated or covered; painted canvas being theatrical scenery, studio back-cloths or the like 12%
5% 5910
Transmission or conveyor belts or belting, of textile material, whether or not impregnated, coated, covered or laminated with plastics, or reinforced with metal or other material 12%
5% 5911
Cotton fabrics and articles used in machinery and plant, Jute fabrics and articles used in machinery or plant, Textile fabrics of metalised yarn of a kind commonly used in paper making or other machinery, straining cloth of a kind used in oil presses or the like, including that of human hair 12%
5% 6501
Textile caps 12%
5% 6505
Hats (knitted/crocheted) or made up from lace or other textile fabrics 12%
5% 9404
Products wholly made of quilted textile material not exceeding ₹2500 per piece 12%
5% 5503, 5504, 5506,5507
Synthetic or artificial staple fibres 18%
5% 5505
Waste of manmade fibres 18%
5% 61
Articles of apparel and clothing accessories, knitted or crocheted, of sale value exceeding ₹2500 per piece 12%
18% 62
Articles of apparel and clothing accessories, not knitted or crocheted, of sale value exceeding ₹2500 per piece 12%
18% 63 [other than 6309]
Other made-up textile articles, sets of sale value exceeding ₹2500 per piece [other than worn clothing and other worn articles; rags] 12%
18% 9404
Cotton quilts of sale value exceeding ₹2500 per piece 12%
18% 9404
Products wholly made of quilted textile material exceeding ₹2500 per piece 12%
18%
HEALTH SECTOR
HSN Code Description of Goods Existing Rates Proposed Rates
2801 20
Iodine 12%
5% 2804 40 10
Medical-grade oxygen 12%
5% 2847
Medicinal-grade hydrogen peroxide 12%
5% 3003
Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of two or more constituents which have been mixed together for therapeutic or prophylactic uses, not put up in measured doses or in forms or packings for retail sale, including Ayurvaedic, Unani, Siddha, homoeopathic or Bio-chemic systems medicaments 12%
5%
3004
Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of two or more constituents which have been mixed together for therapeutic or prophylactic uses, not put up in measured doses or in forms or packings for retail sale, including Ayurvaedic, Unani, Siddha, homoeopathic or Bio-chemic systems medicaments 12%
5%
3822
All diagnostic kits and reagents 12%
5%
4015
Surgical rubber gloves or medical examination rubber gloves 12%
5%
9004
Spectacles and goggles for correcting vision 12%
5%
9020
Other breathing appliances and gas masks, excluding protective masks having neither mechanical parts nor replaceable filters 12%
5%
9804
Other Drugs and medicines intended for personal use 12%
5%
9025
Thermometers for medical, surgical, dental or veterinary usage 18%
5%
9027
Instruments and apparatus for medical, surgical, dental or veterinary uses for physical or chemical analysis. 18%
5% EDUCATION SECTOR
HSN Code Description of Goods Existing Rates Proposed Rates
4016
Erasers 5%
Nil
4905
Maps and hydrographic or similar charts of all kinds, including atlases, wall maps, topographical plans and globes, printed 12%
Nil
8214
Pencil sharpeners 12%
Nil
9608, 9609
Pencils (including propelling or sliding pencils), crayons, pastels, drawing charcoals and tailor’s chalk 12%
Nil
4820
Exercise book, graph book, & laboratory note book and notebooks 12%
Nil
7310 or 7326
Mathematical boxes, geometry boxes and colour boxes 12%
5%
COMMON MEN ITEMS
HSN Code Description of Goods Existing Rate Proposed Rate
33061010
Tooth powder 12%
5%
3406
Candles, tapers and the like 12%
5%
3926
Feeding bottles 12%
5%
4202 22 20
Handbags and shopping bags, of cotton 12%
5%
4202 22 30
Handbags and shopping bags, of jute 12%
5%
4419
Tableware and Kitchenware of wood 12%
5%
6601
Umbrellas and sun umbrellas (including walking-stick umbrellas, garden umbrellas and similar umbrellas) 12%
5%
6911
Tableware, kitchenware, other household articles and toilet articles, of porcelain or china 12%
5%
6912
Tableware, kitchenware, other household articles and toilet articles, other than of porcelain or china 12%
5%
7321
Kerosene burners, kerosene stoves and wood burning stoves of iron or steel 12%
5%
7323
Table, kitchen or other household articles of iron & steel; Utensils 12%
5%
7418
Table, kitchen or other household articles of copper; Utensils 12%
5%
7419 80 30
Brass Kerosene Pressure Stove 12%
5%
7615
Table, kitchen or other household articles of aluminium or utensils 12%
5%
8712
Bicycles and other cycles (including delivery tricycles), not motorised 12%
5%
8714
Parts and accessories of bicycles and other cycles (including delivery tricycles), not motorised, of 8712 12%
5%
9403
Furniture wholly made of bamboo, cane or rattan 12%
5%
9615
Combs, hair-slides and the like; hairpins, curling pins, curling grips, hair-curlers and the like, other than those of heading 8516, and parts thereof 12%
5%
9619 00 30, 9619
00 40, or 9619 00 90
All goods-napkins and napkin liners for babies, clinical diapers 12%
5%
3304
Talcum powder, Face powder 18%
5%
3305
Hair oil, shampoo 18%
5%
3306
Dental floss, toothpaste 18%
5%
3307
Shaving cream, shaving lotion, aftershave lotion 18%
5%
96032100
Tooth brushes, including dental-plate brushes 18%
5%
CONSUMER ELECTRONICS
HSN Code
Description of Service Existing Rate
Proposed Rate
8415
Air-conditioning machines, comprising a motor-driven fan and elements for changing the temperature and humidity, including those machines in which the humidity cannot be separately regulated 28%
18% 8422
Dish washing machines, household [8422 11 00] and other [8422 19 00] 28%
18% 8528
Television sets (including LCD and LED television); Monitors and projectors, not incorporating television reception apparatus; reception apparatus for television, whether or not incorporating radio-broadcast receiver or sound or video recording or reproducing apparatus, set top box for television and Television set (including LCD and LED television). 28%
18%
PAPER SECTOR
HSN Code
Description of Goods Existing Rate Proposed Rate
4802
Uncoated paper and paperboard used for exercise book, graph book, laboratory notebooks and notebooks 12%
Nil
4706
Pulps of fibres derived from recovered (waste and scrap) paper or paperboard, or of other fibrous cellulosic material 12%
5% 4817 30
Boxes, pouches, wallets and writing compendiums, of paper or paperboard, containing an assortment of paper stationery 12%
5% 4819 10, 4819 20
Cartons, boxes and cases of Corrugated paper or paper boards; or non-corrugated paper or paper board 12%
5% 4823
Paper pulp moulded trays 12%
5% 48
Paper splints for matches, whether or not waxed, Asphaltic roofing sheets 12%
5% 48
Paper Sack and Biodegradable Bags 12%
5% 4702
Chemical wood pulp, dissolving grades 12%
18% 4806 20 00
Greaseproof papers 12%
18% 4806 40 10
Glassine papers 12%
18% 4807
Composite paper and paperboard (made by sticking flat layers of paper or paperboard together with an adhesive), not surface-coated or impregnated, whether or not internally reinforced, in rolls or sheets 12%
18% 4808
Paper and paperboard, corrugated (with or without glued flat surface sheets), creped, crinkled, embossed or perforated, in rolls or sheets, other than paper of the kind described in heading 4803 12%
18%
4810
Paper and paperboard, coated on one or both sides with kaolin (China clay) or other inorganic substances, with or without a binder, and with no other coating, whether or not surface-coloured, surface-decorated or printed, in rolls or rectangular (including square) sheets of any size 12%
18%
TRANSPORTATION SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
4011
New pneumatic tyres, of rubber [other than of a kind used on/in bicycles, cycle-rickshaws and three-wheeled powered cycle rickshaws; rear tractor tyres; and of a kind used on aircraft] 28%
18%
8701
Road tractors for semi-trailers of engine capacity more than 1800 cc 28%
18%
8702
Motor vehicles for the transport of ten or more persons, including the driver [other than buses for use in public transport, which exclusively run on biofuels] 28%
18%
8703
Petrol, Liquefied petroleum gases (LPG) or compressed natural gas (CNG) driven motor vehicles of engine capacity not exceeding 1200cc and of length not exceeding 4000 mm. 28%
18%
8703
Diesel-driven motor vehicles of engine capacity not exceeding 1500 cc and of length not exceeding 4000 mm. 28%
18%
8702 or 8703
Motor vehicles cleared as ambulances duly fitted with all the fitments, furniture and accessories necessary for an ambulance from the factory manufacturing such motor vehicles 28%
18%
8703
Three-wheeled vehicles 28%
18%
8703 40, 8703 60
Motor vehicles with both a spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion, of engine capacity not exceeding 1200cc and of length not exceeding 4000 mm internal combustion piston engine [diesel-or semi diesel] and electric motor as motors for propulsion, of engine capacity not exceeding 1500 cc and of length not exceeding 4000 mm 28%
18%
8704
Motor vehicles for the transport of goods [other than Refrigerated motor vehicles] 28%
18%
8706
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705 28%
18%
8707
Bodies (including cabs), for the motor vehicles of headings 8701 to 8705 28%
18%
8708
Parts and accessories of the motor vehicles of headings 8701 to 8705 [other than specified parts of tractors] 28%
18%
8711
Motorcycles of engine capacity (including mopeds) and cycles fitted with an auxiliary motor, with or without side-cars, of an engine capacity not exceeding 350cc; side cars 28%
18%
8714
Parts and accessories of vehicles of heading 8711 28%
18%
8903
Rowing boats and canoes 28%
18%
9401 20 00
Seats of a kind used for motor vehicles 28%
18%
8703
Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 8702), including station wagons and racing cars, other than those mentioned at Sr. Nos. 4, 5, 6, 7, 8 and 9 of the above table [wherein 28% to 18% is mentioned] 28%
40%
870340, 870360
Motor vehicles with both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion, of engine capacity exceeding 1200cc or of length exceeding 4000 mm 28%
40%
870350, 870370
Motor vehicles with both compression-ignition internal combustion piston engine [diesel-or semi diesel] and electric motor as motors for propulsion, of engine capacity exceeding 1500cc or of length exceeding 4000 mm 28%
40%
8711
Motorcycles of engine capacity exceeding 350 cc 28%
40%
8802
Aircraft for personal use. 28%
40%
8903
Yachts and other vessels for pleasure or sports 28%
40%
SPORTS GOODS AND TOYS
HSN Code
Description of Goods Existing Rates Proposed Rates
4203
Gloves specially designed for use in sports 12%
5% 9503
Toys like tricycles, scooters, pedal cars, etc. (including parts and accessories thereof) [other than electronic toys] 12%
5% 9504
board games, like ludo, etc. [other than Video game consoles and Machines] 12%
5% 9506
Sports goods other than articles and equipment for general physical exercise 12%
5% 9507
Fishing rods, and other line fishing tackle; fish landing nets, butterfly nets and similar nets; decoy ‘birds’ (other than those of heading 9208 or 9705) and similar hunting or shooting requisites 12%
5%
DUTIABLE ARTICLES FOR PERSONAL USE (FOR IMPORTS)
HSN Code
Description of Goods Existing Rates Proposed Rates
9804
All dutiable articles intended for personal use 28%
18%
LEATHER SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
4107
Leather further prepared after tanning or crusting, including parchment-dressed leather, of bovine (including buffalo) or equine animals, without hair on, whether or not split, other than leather of heading 4114 12%
5%
4112
Leather further prepared after tanning or crusting, including parchment-dressed leather, of sheep or lamb, without wool on, whether or not split, other than leather of heading 4114 12%
5%
4113
Leather further prepared after tanning or crusting, including parchment-dressed leather, of other animals, without wool or hair on, whether or not split, other than leather of heading 4114 12%
5%
4114
Chamois (including combination chamois) leather; patent leather and patent laminated leather; metallised leather 12%
5% 4115
Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips, whether or not in rolls; parings and other waste of leather or of composition leather, not suitable for the manufacture of leather articles; leather dust, powder and flour 12%
5%
6701
Skins and other parts of birds with their feathers or down, feathers, parts of feathers, down and articles thereof (other than goods of heading 0505 and worked quills and scapes) 12%
5%
WOOD SECTOR
HSN Code
Description of Goods Existing Rate Proposed Rate
44 or any
Chapter
The following goods, namely: — a) Cement Bonded Particle Board;
b) Jute Particle Board;
c) Rice Husk Board;
d) Glass-fibre Reinforced Gypsum Board
e) Sisal-fibre Boards;
f) Bagasse Board; and
g) Cotton Stalk Particle Board
h) Particle/fibre board manufactured from agricultural crop residues12%
5%
4404
Hoopwood; split poles; piles, pickets and stakes of wood, pointed but not sawn lengthwise; wooden sticks, roughly trimmed but not turned, bent or otherwise worked, suitable for the manufacture of walking-sticks, umbrellas, tool handles or the like 12%
5%
4405
Wood wool; wood flour 12%
5%
4409
Bamboo flooring 12%
5%
4415
Packing cases, boxes, crates, drums and similar packings of wood; cable drums of wood; pallets, box pallets and other load boards of wood; pallet collars of wood 12%
5%
4417
Tools, tool bodies, tool handles, broom or brush bodies and handles, of wood; boot or shoe lasts and trees, of wood 12%
5%
4418
Bamboo wood building joinery 12%
5%
4420
Wood marquetry and inlaid wood; caskets and cases for jewellery or cutlery, and similar articles, of wood; statuettes and other ornaments, of wood; wooden articles of furniture not falling in Chapter 94 12%
5%
4503
Articles of natural cork, such as Corks and Stoppers, Shuttlecock cork bottom 12%
5%
4504
Agglomerated cork (with or without a binding substance) and articles of agglomerated cork 12%
5%
DEFENCE SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
8525 60
Two-way radio (Walkie-talkie) used by defence, police and paramilitary forces, etc 12%
5%
8710
Tanks and other armoured fighting vehicles, motorised, whether or not fitted with weapons, and parts of such vehicles 12%
5%
FOOTWEAR SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
64
Footwear of sale value not exceeding ₹2500 per pair 12%
5%
64
Footwear of sale value exceeding ₹2500 per pair 18%
18%
CONSTRUCTION SECTOR
HSN Code
Description of Goods Existing Rates Proposed Rates
2523
Portland cement, aluminous cement, slag cement, super sulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers 28%
18%
68
Sand lime bricks or Stone inlay work 12%
5%
HANDICRAFTS SECTOR
HSN Code
Description of Goods Existing Rate Proposed Rate
44, 68, 83
Idols of wood, stone [including marble] and metals [other than those made of precious metals] 12%
5% 6802
Statues, statuettes, pedestals; high or low reliefs, crosses, figures of animals, bowls, vases, cups, cachou boxes, writing sets, ashtrays, paper weights, artificial fruit and foliage, etc.; other ornamental goods essentially of stone 12%
5%
6913
Statues and other ornamental articles 12%
5%
9706
Antiques of an age exceeding one hundred years 12%
5% 3406
Handcrafted candles 12%
5%
4202 22,4202 29,
4202 31 10,
4202 31 90,
4202 32,4202 39
Handbags, including pouches and purses; jewellery box 12%
5%
4416,
4421 99 90
Carved wood products, artware/decorative articles of wood (including inlay work, casks, barrels, vats) 12%
5%
4414
Wooden frames for painting, photographs, mirrors, etc 12%
5%
4420
Statuettes & other ornaments of wood, wood marquetry & inlaid, jewellery box, wood lathe and lacquer work [including lathe and lacquer work, ambadi sisal craft] 12%
5%
4503 90 90
4504 90
Art ware of cork [including articles of sholapith] 12%
5%
6802
Carved stone products (e.g., statues, statuettes, figures of animals, writing sets, ashtray, candle stand) 12%
5%
68159990
Stone artware, stone inlay work 12%
5%
691200 10, 6912
00 20
Tableware and kitchenware of clay and terracotta, other clay articles 12%
5%
6913 90 00
Statuettes & other ornamental ceramic articles (incl blue potteries) 12%
5%
7009 92 00
Ornamental framed mirrors 12%
5%
7018 90 10
Glass statues [other than those of crystal] 12%
5%
7020 00 90
Glass art ware [ incl. pots, jars, votive, cask, cake cover, tulip bottle, vase ] 12%
5%
7326 90 99
Art ware of iron 12%
5%
7419 80
Artware of brass, copper/ copper alloys, electro plated with nickel/silver 12%
5%
7616 99 90
Aluminium art ware 12%
5%
8306
Bells, gongs and the like, non-electric, of base metal; statuettes, and other ornaments, of base metal; photograph, picture or similar frames, of base metal; mirrors of base metal; (including Bidriware, Panchloga artware, idol, Swamimalai bronze icons, dhokra jaali) 12%
5%
940510
Handcrafted lamps (including panchloga lamp) 12%
5% 940150,
9403 80
Furniture of bamboo, rattan and cane 12%
5% 9503
Dolls or other toys made of wood, metal, or textile material [incl wooden toys of Sawantwadi, Channapatna toys, Thanjavur doll)
12%
5% 9601
Worked articles of ivory, bone, tortoise shell, and horn, antlers, coral, mother of pearl, seashell, and other animal carving materials 12%
5% 9602
Worked on vegetable or mineral carving, articles thereof, articles of wax, of stearin, of natural gums or natural resins or of modelling pastes, etc, (including articles of lac, shellac) 12%
5% 9703
Original sculptures and statuary, in metal, stone, or any material 12%
5% 4802
Handmade Paper and Paper board 12%
5%
OTHER MACHINERY
HSN Code Description of Goods Existing Rates Proposed Rates
8401
Fuel elements (cartridges), non-irradiated, for nuclear reactors 12%
5% 8407
Spark-ignition reciprocating or rotary internal combustion piston engine [other than aircraft engines] 28%
18% 8408
Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) 28%
18% 8507
Electric accumulators, including separators therefor, whether or not rectangular (including square), other than Lithium-ion battery and other Lithium-ion accumulators, including Lithium-ion power banks 28%
18%
MISCELLANEOUS ITEMS
HSN Code
Description of Goods Existing Rate Proposed Rate
01012100, 010129
Live horses 12%
5% 2515 12 10
Marble and travertine blocks 12%
5% 2516
Granite blocks 12%
5% 29061110
Natural menthol 12%
5% 3701
Photographic plates and film for X-ray for medical use 12%
5% 3705
Photographic plates and films, exposed and developed, other than cinematographic film 12%
5% 3706
Photographic plates and films, exposed and developed, whether or not incorporating a soundtrack or consisting only of a soundtrack, other than feature films 12%
5% 3818
Silicon wafers 12%
5% 3926
Plastic beads 12%
5% 4007
Latex Rubber Thread 12%
5% 4016
Rubber bands 12%
5% 6602
whips, riding-crops and the like 12%
5% 6909
Pots, jars and similar articles of a kind used for the conveyance and packing of goods of ceramic 12%
5% 7015 10
Glasses for corrective spectacles and flint buttons 12%
5% 7310, 7323, 7612,
or 7615
Milk cans made of Iron, Steel, or aluminium 12%
5% 7317
Animal shoe nails 12%
5% 8420
Hand-operated rubber roller 12%
5% 9001
Contact lenses; Spectacle lenses 12%
5% 9003
Frames and mountings for spectacles, goggles or the like, and parts thereof 12%
5% 9404
Coir products [except coir mattresses] 12%
5% 9607
Slide fasteners and parts thereof 12%
5% 29061190
Other than natural menthol 12%
18% 9302
Revolvers and pistols, other than those of heading 9303 or 9304 28%
40% 9614
Smoking pipes (including pipe bowls) and cigar or cigarette holders, and parts thereof 28%
40%
- Illustrative list of sector-wise changes in rates of services are as follows:
INSURANCE SECTOR
HSN Code Description of Service Existing Rate Proposed Rate
9971
All individual health insurance, along with reinsurance thereof 18% with ITC
Nil
All individual life insurance, along with reinsurance thereof 18% with ITC
Nil
TRANSPORTATION SECTOR
HSN Code
Description of Service Existing Rate Proposed Rate
9964
Supply of Air transport of passengers in other than economy class 12% with ITC
18% with ITC
9964
Supply of Passenger transport by any motor vehicle, where fuel cost is included 5% with ITC of input services (in the same line of business)
5% with ITC of input services (in the same line of business)
12% with ITC
18% with ITC
9965
Supply of Transport of goods by GTA 5% without ITC
(RCM/FCM)
5% without ITC (RCM/FCM)
12% with ITC 18% with ITC
9966
Supply of renting of any motor vehicle (with operator) of any motor vehicle designed to carry passengers, where the cost of fuel is included in the consideration 5% with ITC of input services (in the same line of business)
5% with ITC of input services (in the same line of business)
12% with ITC
18% with ITC
JOB WORK SECTOR
HSN Code
Description of Service Existing Rate Proposed Rate
9988
Supply of job work in relation to bricks which attract GST at the rate of 5% 12% with ITC
5% with ITC
9988
Supply of job-work services in relation goods falling under Chapter 30 in the First Schedule to the Customs Tariff Act, 1975 (pharmaceutical products) 12% with ITC
5% with ITC
9988
Supply of job-work services in relation to Hides, skins and leather falling under Chapter 41 in the First Schedule to the Customs Tariff Act, 1975 12% with ITC
5% with ITC
9988
Supply of job-work not elsewhere covered (residual entry) 12% with ITC
18% with ITC CONSTRUCTION SECTOR
HSN Code Description of Service Existing Rate Proposed Rate
9954
Composite supply of works contract and associated services, in respect of the offshore works contract relating to oil and gas exploration and production in the offshore area 12% with ITC
18% with ITC
9954
Composite supply of works contract involving predominantly earth work (that is, constituting more than 75% of the value of the works contract) provided to the Government 12% with ITC
18% with ITC
9954
Composite supply of works contract provided by a sub-contractor to the main contractor providing services in the above entry to the Government 12% with ITC
18% with ITC
LOCAL DELIVERY SECTOR
HSN Code Description of Service Existing Rate Proposed Rate
9968
Local delivery services (covered under SAC 996813 under the Group Postal and Courier Services) 18% with ITC
18% with ITC (no change)
9968
Supply of local delivery services through Electronic Commerce Operator (ECO) Not currently notified under section 9(5) of the CGST Act 18% - Local delivery services, to be notified under section 9(5) of the CGST Act in cases where the person supplying such services through ECO is not liable for registration under GST. The applicable rate on such services is 18%.
- Local delivery services provided by and through ECO are to be excluded from the scope of GTA services.
OTHER SERVICES (12% to 5%)
HSN Code Description of Service Existing Rate Proposed Rate
9971
Supply of the Service of a third-party insurance of ‘goods carriage’ 12% with ITC
5% with ITC
9996
Services by way of admission to exhibition of cinematograph films where the price of the admission ticket is one hundred rupees or less 12% with ITC
5% with ITC 9994
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 12% with ITC
5% with ITC 9963
Supply of ‘hotel accommodation’ having the value of the supply of a unit of accommodation less than or equal to seven thousand five hundred rupees per unit per day or equivalent 12% with ITC
5% without ITC
9997
Beauty and physical well-being services falling under group 99972 18% with ITC
5% without ITC
OTHER SERVICES (28% to 40%)
HSN Code Description of Service Existing Rate Proposed Rate
9996
Admission to casinos, race clubs, any place having casinos or race clubs, or sporting events like the IPL 28% With ITC
40% with ITC 9996
Services by a race club for the licensing of bookmakers in such a club 28% With ITC
40% with ITC 9973
Leasing or rental services, without operator of goods
28% With ITC
40% with ITC Any chapter
Specified Actionable Claims (betting, casinos, gambling, horse racing, lottery, online money gaming) are defined as goods (Corresponding changes in the lottery valuation rules are also being carried out) 28% With ITC
40% with ITC
Disclaimer: The rates provided are for reference purposes only and do not represent a complete list.
[1] Dharmendra M. Jani v. Union of India [2023] 151 taxmann.com 91 (Bombay)
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