Extension of last date for submission of feedback on Harmonization of GST Rate Schedule on Services and the Classification of Services adopted for GST:

Please see the enclosed notice, published on the CBIC website on 04th Jan 2024, calling for feedback/ suggestions from stakeholders on the Harmonization of GST Rate Schedule on Services and the Classification of Services adopted for GST. In the said notice, all stakeholders were requested to kindly provide feedback/ suggestions on the annexed draft schedule of GST rates on services latest by 31st January 2024.

It is informed that the last date for submission of feedback/suggestions on the annexed draft schedule of GST rates on services stands extended to 16th February 2024. It is requested that feedback/suggestions may be emailed to [email protected]

*****

Enclosed:

1. Notice calling for feedback/ suggestions from stakeholders on the Harmonization of GST Rate Schedule on Services and the Classification of Services adopted for GST

2. Draft rate schedule of services at 6 digit level of classification

Harmonization of GST rate schedule on services: draft 6 digit classification feedback deadline extended to 16 Feb 2024. The draft harmonizes the GST rate schedule on services by aligning a six digit service classification with specified central tax rates and standardized conditional rules; it prescribes detailed treatment for construction and real estate supplies (including formulae in annexures for computing input tax credit allocations between residential and commercial portions), mandates sourcing thresholds from registered suppliers with reverse charge consequences for shortfalls, and preserves option mechanisms and procedural forms for promoters and goods transport agencies; stakeholder feedback is invited and the submission deadline is extended to 16 February 2024.