TMI BlogRevised GST ratesX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... advise. - Reply By RAJA SWAMINATHAN - The Reply = 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. - Reply By KASTURI SETHI - The Reply = Normally notifications are enforced from the date of issuance of notification. If any notification is implemented retrospectively, it is specifically me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntioned 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. - Reply By RAMESH ANANTHAKRISHNAN - The Reply = Thanks for your comment - Reply By Himansu Sekhar - The Reply = Revised rates will be applicablevfrom the date of notf. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of Shri Sethi. - Revised GST rates - Query Started By: - RAMESH ANANTHAKRISHNAN Dated:- 13-10-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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