GST RATE SLASH EFFECTIVE DATES

[SAFETAB LIFESCIENCE]

Dear Experts,

On 12.06.2021, the 44th GST council meeting held and GST rates were slashed for some covid related products. What is the effective date for these slashed rates. The concession ends on 30.09.2021, But do not know the new slashed rate applicability effective from date.....

Please clarify.....

AI Summary

Effective Date for Reduced GST Rates on COVID Products Set by Gazette Notification 5/2021-CT Rate A discussion on a forum initiated by a company inquiring about the effective date of the reduced GST rates for COVID-related products, following the 44th GST council meeting. The responses clarify that the effective date is determined by the publication of the notification in the official gazette, specifically Notification 5/2021-CT Rate published on 14.06.2021. It is highlighted that the notification's enforcement depends on its publication date, as per legal precedents and GST definitions. Concerns about blocked credits under section 17(2) and the broader implications of the notification process are also discussed.