GST Tariff & Exemptions (on Goods & Services) w.e.f. 22.09.2025

Description

GST Tariff & Exemptions (on Goods & Services) w.e.f. 22.09.2025 by Rakesh Garg and Sandeep Garg (2nd Edition, September 2025) provides a detailed reference to GST rates, exemptions, and tariff schedules applicable to goods and services. Spanning 1104 pages, this comprehensive guide offers updated statutory provisions, notifications, and practical applicability for tax professionals, businesses, consultants, and students. Published by  Commercial Law Publishers, the book ensures clarity on GST classifications, exemptions, and compliance. ISBN: 9789349957916. Available with a flat 25% discount and free shipping for a limited period.

CONTENTS

About the Authors v

Preface vii

Short Contents ix

PART A- GLANCE

A1 Preamble, Transition and Precautions – GST 2.0 – From 22 Sept. 2025

1. A) Preamble A1-1

A.1 GST Rate Rationalization – Vision to reduce GST slabs A1-1

A.2 GST Collections in India: Approximate Rate-Wise Breakdown A1-1

A.3 56th GST Council Meeting overhauls India’s GST Structure

with a Two-Rate System A1-2

A.4 Key Highlights of the 56th GST Council Meeting A1-3

A.5 Impact of reduction in GST Rates A1-4

1. B) Time of Supply – New v. Old GST Rate A1-5

B.1 Why this discussion is necessary? A1-5

B.2 Section 14 – Change in rate of tax – supply of goods/services A1-5

B.3 Supply of Services – To summarize A1-6

B.4 Supply of Goods (other than composition taxpayers) – To

summarize A1-7

B.5 FAQ by Press Release dated 03 Sept. 2025 A1-8

1. C) Debit Notes and Credit Notes A1-9
2. D) Stock as on 21.09.2025 A1-9

D.1 If the outward supply has been exempted A1-9

D.2 GST Rates have been reduced on Goods A1-11

D.3 GST Rate on goods held in stock, but supplied on or

after 22.09.2025 A1-11

1. E) Accumulated ITC – Utilisation and Refund A1-12

E.1 If the outward supply has been exempted – Persons exclusively

supplying such goods or trading these goods – Accumulated ITC A1-12

E.2 Where GST Rate has been reduced or persons is supplying

taxable as well as exempt supplies – Accumulated ITC A1-12

1. F) E-way Bills A1-14

xii CONTENTS

1. G) Pass on the benefit to the consumer – Anti-Profiteering A1-15

G.1 Primary objective of rationalization of GST Rates A1-15

G.2 Anti-profiteering A1-15

G.3 Government’s commitments and steps A1-15

1. H) Rates Notifications – Implementing recommendations of 56th Meeting of

the GST Council A1-16

A2 Change in GST Rates – HSN wise Comparison as on 22 Sept. 2025

1. A) Change in GST Rates on Goods – HSN-wise A2-1

1.1 Change in rates of goods A2-1

1.2 Change in value; No change in rate (5%) A2-35

1.3 Change in value; No change in rate (18%) A2-36

1.4 Change in IGST Rate (18% to Nil) A2-36

1. B) Change in GST Rates on Services – HSN-wise A2-38

A3 Press Release Dated 3rd Sept., 2025 and FAQs

1. A) Press Release – 56th Meeting of the GST Council A3-1
2. Recommendations relating to GST rates on goods A3-1
3. Recommendations relating to GST rates on services A3-1

III. Recommendation relating to date of implementation A3-2

3. B) FAQ – 1 dated 03.09.2025 A3-3
4. C) FAQ – 2 dated 15.09.2025 A3-13
5. D) FAQ – 3 dated 18.09.2025 A3-18
6. E) FAQ – 4 dated 18.09.2025 A3-19

A4 Reverse Charge Supplies under GST as on 22 Sept. 2025

4.1 Reverse Charge in respect of goods under sec. 9(3) of the

GST Act and sec. 5(3) of the IGST Act A4-1

4.2 Reverse Charge in respect of services under sec 9(3) of the

GST Act and sec. 5(3) of the IGST Act A4-3

4.3 Reverse Charge in respect of goods and services

under sec. 9(4) of the GST Act and sec. (4) of the IGST Act A4-12

PART B – GST TARIFF & EXEMPTIONS – GOODS

B1-A Exemptions in the GST – Goods as on 22 Sept. 2025

I Notification No. 10/2025-CT (Rate), dated 17 Sept. 2025 B1-A2

II Explanations and Annexures – Notification No. 10/2025-CT

(Rate), dated 17 Sept. 2025 B1-A16

CONTENTS xiii

III Notification No. 7/2017-CT (Rate), dated 28 June 2017 and

No. 7/2017-IT (Rate), dated 28 June 2017 B1-A22

IV Notification No. 26/2017-CT (Rate), dated 21 Sept. 2017 and

No. 26/2017-IT (Rate), dated 21 Sept. 2017 B1-A22

V Notification No. 30/2017 – IT (Rate), dated 22 Sept. 2017 B1-A22

VI Notification No. 26/2018 – CT (Rate), dated 31 Dec. 2018;

27/2018 – IT (Rate), dated 31 Dec. 2018 B1-A23

VII Notification No. 11/2019 – IT (Rate), dated 29 June 2019

w.e.f. 01 July 2019 B1-A23

VIII Notification No. 19/2019 – Customs, dated 06 July 2019 B1-A23

IX Notification No. 19/2019 – CT (Rate) and No. 18/2019- IT

(Rate), both dated 30 Sept. 2019; and w.e.f. 01 Oct. 2019 B1-A24

B1-B Exemptions in the GST – Goods up to 21 Sept. 2025

I Notification No. 2/2017-CT (Rate) dated 28 June 2017 B1-B2

II Explanations and Annexures in Notification No. 2/2017-CT

(Rate), dated 28 June 2017 B1-B33

III Notification No. 15/2017 – IT (Rate), dated 30 June 2017

rescinded vide No. 17/2017 – IT (Rate),

dated 05 July 2017 – SEZ B1-B40

IV Finance Act, 2020 (sections 132 & 135), dated 27 March 2020 B1-B40

B2-A GST Rates on Goods as on 22 Sept. 2025

I Notification No. 9/2025-CT (Rates), dated 17 Sept. 2025 read with

Corrigendum dated 18 Sept. 2025

I-1 Schedule – I – 5% B2-A3

List 1 B2-A53

I-2 Schedule – II – 18% B2-A55

I-3 Schedule – III – 40% B2-A127

I-4 Schedule – IV – 3% B2-A129

I-5 Schedule – V – 0.25% B2-A131

I-6 Schedule – VI – 1.5% B2-A132

I-7 Schedule – VII – 28% B2-A133

II Explanations – Notification No. 9/2025, dated 17 Sept. 2025 B2-A134

III Notification No. 3/2017 dated 28 June 2017 B2-A134

IV Notification No. 50/2017-Customs, dated 30 June 2017 B2-A141

V Notification No. 37/2017-CT (Rate), dated 13 Oct. 2017 B2-A141

xiv CONTENTS

VI Notification No. 39/2017-CT (Rate), dated 18 Oct. 2017 B2-A143

VII Notification No. 40/2017-CT (Rate), dated 23 Oct. 2017 B2-A144

VIII Notification No. 8/2018-CT (Rate), dated 25 Jan. 2018 B2-A145

IX Notification No. 21/2018-CT (Rate), dated 26 July 2018 B2-A147

X Notification No. 02/2022-CT (Rate), dated 31 March 2022 B2-A149

B2-B GST Rates on Goods up to 21 Sept. 2025

I Notification No. 1/2017-CT (Rate), dated 28 June 2017 B2-B2

I-1 Schedule – I – 5% B2-B3

I-2 Schedule – II – 12% B2-B63

I-3 Schedule – III – 18% B2-B116

I-4 Schedule – IV – 28% B2-B229

I-5 Schedule – V – 3% B2-B282

I-6 Schedule – VI – 0.25% B2-B286

I-7 Schedule – VII – 1.5% B2-B288

II Explanations & Annexures – Notification No. 1/2017,

dated 28 June 2017 B2-B298

III Notification No. 45/2017-CT (Rate), dated 14 Nov. 2017 B2-B300

IV Finance Act, 2020 (sections 132 & 135), dated 27 March 2020 B2-B305

V Notification No. 5/2021-CT (Rate), dated 14 June 2021 B2-B305

VI Notification No. 12/2021-CT (Rate), dated 30 Sept. 2021 B2-B307

B3 Goods – Circulars B3-1

B4 General Rules for Interpretation – Customs Tariff Act

General Rules for the Interpretation of this Schedule B4-1

General Explanatory Notes B4-2

Additional Notes B4-3

PART C – GST TARIFF & EXEMPTIONS – SERVICES

C1 Exemptions in the GST – Services as on 22 Sept. 2025

(A) Notification No. 09/2017-IT (Rate), dated 28 June 2017 C1-2

(B) Notification No. 12/2017-CT (Rate), dated 28 June 2017;

No. 9/2017-IT (Rate), dated 28 June 2017 e C1-6

CONTENTS xv

(C) Notification No. 11/2017-CT (Rate), dated 28 June 2017 C1-42

(D) Notification No. 15/2017-IT (Rate), dated 30 June 2017 rescinded

vide No. 17/2017-IT (Rate), dated 05 July 2017; No. 18/2017-IT

(Rate), dated 05 July 2017 – SEZ C1-43

(E) Notification No. 5/2018-CT (Rate), dated 25 January 2018;

No. 5/2018- IT (Rate), dated 25 January 2018 C1-44

(F) Notification No. 06/2018-IT (Rate), dated 25 January 2018 C1-44

(G) Explanations and definitions given in the Notification

No. 12/2017-CT (Rate), dated 28 June 2017 C1-44

(H) Circular No. 236/30/2024-GST dated 11 Oct. 2024 – Clarification

regarding the scope of “as is / as is, where is basis” C1-54

C2 GST Rates on Services as on 22 Sept. 2025 C2-1

Notification No. 11/2017-CT (Rate) and No. 8/2017-IT (Rate), both

dated 28 June 2017

C3 Scheme of Classification of Services & Explanatory Notes C3-1

C4 Services – Circulars C4-1

PART D – GST TARIFF – COMPENSATION CESS

D Rates of Compensation Cess as on 22 Sept. 2025

A.1 Noti. No. 1/2017-Compensation Cess (Rate)

dated 28.06.2017 D-2

A.2 Noti. No. 4/2017-Compensation Cess (Rate) dated 20.07.2017 D-15

A.3 Noti. No. 7/2017-Compensation Cess (Rate) dated 13.10.2017 D-15

A.4 Noti. No. 1/2019-Compensation Cess (Rate) dated 29.06.2019 D-17

A.5 Noti. No. 1/2024-Compensation Cess (Rate) dated 12.07.2024 D-17

A.6 Noti. No. 1/2025-Compensation Cess (Rate) dated 16.01.2025 D-18

B.1 Noti. No. 2/2017-Compensation Cess (Rate) dated 28.06.2017 D-19

 

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