The Central Board of Indirect Taxes and Customs (CBIC) has notified the revised Goods and Services Tax (GST) rates and Customs duties as per the recommendations of the GST Council Meeting (Read Key Highlights).
The revision notification revises the rate of Rab, other than pre-packaged and labelled(Liquid Jaggery), “Jaggery of all types including Cane Jaggery (gur), Palmyra Jaggery, pre-packaged and labelled; Khandsari Sugar, pre-packaged and labelled; Rab, pre-packaged and labelled, Pencil Sharpeners, Coal rejects supplied to a coal washery or by a coal washery, arising out of coal on which compensation cess has been paid and input tax credit thereof has not been availed by any person and A device such as tag, tracking device or data logger already affixed on the container at the time of import shall also be eligible for exemption from the duty of customs and the integrated tax as is available to the said container under this notification.”
The GST Council Meeting had proposed the changes as above and the same has been notified by the Central Board of Indirect Taxes and Customs, with effect from March 1, 2023.
The major decisions of the meeting include: –
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