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Revised GST rates, Goods and Services Tax - GST

Issue Id: - 112938
Dated: 13-10-2017
By:- RAMESH ANANTHAKRISHNAN
Revised GST rates

  • Contents

As per the recent meeting of GST council, GST rates of 27 items have been reduced. Our product also comes under the revised rates. Till date we are clearing our finished goods with existing rate. We checked with our Range officers. They have advised us to wait till the notification issued. Meanwhile our customers asking goods with revised rate. Should we wait till the notification issued?

Kindly advise.

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Posts / Replies

Showing Replies 1 to 5 of 5 Records

1 Dated: 13-10-2017
By:- RAJA SWAMINATHAN

The Validity of the revised rates comes into effect only from the date of notification . Hence it is advisable to wait till the notification is issued.


2 Dated: 13-10-2017
By:- KASTURI SETHI

Normally notifications are enforced from the date of issuance of notification. If any notification is implemented retrospectively, it is specifically mentioned in the notification itself. Here we should not hope for retrospective amendment for reduction of GST. It is better to make clearance after the issuance of notification. It will be issued very soon. All are waiting for.


3 Dated: 13-10-2017
By:- RAMESH ANANTHAKRISHNAN

Thanks for your comment


4 Dated: 13-10-2017
By:- Himansu Sekhar

Revised rates will be applicablevfrom the date of notf.


5 Dated: 16-10-2017
By:- MARIAPPAN GOVINDARAJAN

I endorse the views of Shri Sethi.


1

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