The Central Council of Indirect Taxes and Customs (CBIC) has notified the withdrawal of the 12% GST rate for public procurement and the applicable GST rate will be 18% as of January 1, 2022.

In exercising the powers conferred by paragraph (1), paragraph (3) and paragraph (4) of Article 9, paragraph (1) of Article 11, paragraph ( 5) of Article 15, paragraph (1) of Article 16, and Article 148 of the Central Goods and Services Tax Law. 2017 (12 of 2017), the central government, after being convinced that the public interest demands it, on the recommendations of the Council, again amends the notification of the Government of India, to the Ministry of Finance (Department of Revenue ) n ° 11 / 2017- Central tax (rate), dated June 28, 2017.

In the said notification, in the TABLE next to the serial number 3 in column (3), in the section “Description of the service”, at points (1). (Vik (ix) and (x), for the words “Territory of the Union, of a local authority, of a public authority or of a governmental entity” are substituted the words “territory of the Union or local authority. In column (3), in the heading” Description of the service “, in point (vii), the words” Union territory, local authority, governmental authority or governmental entity “are substituted for the words Union territory or local authority”; in column (5), in the “Condition” section, the mentions next to the elements ((vi), (vii) .fix) and (x) must be omitted.

Against the serial number 26, in column (3), in the heading “Description of the service”, in point (1), in the clause after the words, figures, figures and brackets “Law on the customs tariff of 1975, the words “except services by means of dyeing or printing of the said textiles and textile products” is inserted.

Subscribe to Taxscan AdFree to see the judgment

Support our journalism by subscribing to Taxscan without advertising. follow us on Telegram for quick updates.



Source link

About The Author

Related Posts