CBIC Extends Deadline for Feedback on Harmonization of GST Rate Schedule and Service Classification to 16th Feb 2024
The board has also enclosed the Draft rate schedule of services at 6 digit level of classification with the extension notification
The Central Board of Indirect Taxes and Customs ( CBIC ) has granted businesses and stakeholders an extended time to provide their valuable feedback on the harmonisation of the Goods and Services Tax ( GST ) Rate Schedule for Services and the Classification of Services adopted for GST. The CBIC called for the submissions for the feedback/ suggestions from stakeholders on the Harmonization...
The Central Board of Indirect Taxes and Customs ( CBIC ) has granted businesses and stakeholders an extended time to provide their valuable feedback on the harmonisation of the Goods and Services Tax ( GST ) Rate Schedule for Services and the Classification of Services adopted for GST.
The CBIC called for the submissions for the feedback/ suggestions from stakeholders on the Harmonization of GST Rate Schedule on Services and the Classification of Services adopted for GST by 31st January 2024. However, the same was extended to February 16, 2024. The stakeholders can send their feedback/suggestions may be emailed to js-tru2@gov.in.
Under GST, the Scheme of Classification of services adopted is based on UNCPC (UN Central Product Classification of Goods and Services). However, while the UNCPC adopts a 5 digit classification, the classification adopted for GST is a 4-digit classification with digits 99 pre-fixed to indicate that these are services. This scheme of classification has been annexed to the Rate Notification No. 11/2017-CT(R) dated 28.06.2017.
The board has also enclosed the Draft rate schedule of services at 6 digit level of classification with the extension notification.
To Read the full text of the Order CLICK HERE
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