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Government Increases GST rate from 5% to 12% on textiles, footwear and others

GST_Rate_changes_in_councile_meeting

The GST Council’s 45th meeting was held on 17th September, 2021 in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made the recommendations relating to changes in GST rates on supply of goods and services.

GST concessional rate on Covid drugs extended from 30th September 2021 to 31st December 2021. Whereas GST rate changes are made for the other goods and services as per the recommendation of the GST Council.

You can access all GST rate notifications in this respect from below links;

Notification No. 14/2021-Central Tax (Rate)

Notification No. 15/2021- Central Tax (Rate)

Notification No. 16/2021 - Central Tax (Rate)

Notification No. 17/2021-Central Tax (Rate)

 

 

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Ramohally Satish

November 20th, 2021

Pl update the tax % details, if we apply to get the gift cash transactions through bank to bank account.