CBIC issues regarding GST rates, goods, and exemptions

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.