CBIC issues clarifications regarding GST rates, classification of goods, and exemptions

August 03, 2022

Pursuant to the recommendations of the GST Council in its 47th meeting held on 28-29 June, CBIC issued a series of circulars in response to requests for clarifications from industry on various issues:

  • Clarifications regarding applicable GST rates and exemptions on certain services (Circular No. 177/09/2022-TRU)
  • GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law (Circular No. 178/10/2022-GST)
  • Clarifications regarding applicable GST rates on EVs, Stones, Mangoes, Treated water, etc. (Circular No. 179/11/2022-GST)

The above Circulars issued on August 03, 2022, can be accessed here.