GST rate amendments redefine works contract and transport service classifications with conditional input tax credit treatment. The notification amends the State GST rate Table by substituting entries that reclassify and specify tax treatment for categories of composite works contracts, transport services including motor cab renting and goods transport agency services, and printing/manufacturing services. Each substituted entry sets the applicable State tax rate and, where applicable, conditions that input tax credit on goods and services used must not have been taken, and allows GTA suppliers an irrevocable option to adopt a specified rate for all their GTA services.
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Provisions expressly mentioned in the judgment/order text.
GST rate amendments redefine works contract and transport service classifications with conditional input tax credit treatment.
The notification amends the State GST rate Table by substituting entries that reclassify and specify tax treatment for categories of composite works contracts, transport services including motor cab renting and goods transport agency services, and printing/manufacturing services. Each substituted entry sets the applicable State tax rate and, where applicable, conditions that input tax credit on goods and services used must not have been taken, and allows GTA suppliers an irrevocable option to adopt a specified rate for all their GTA services.
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