Seeks to amend notification No. 8/2017- Integrated Tax (Rate) so as to notify IGST rates of various services as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018 - 14/2018 - Integrated GST (IGST) Rate
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IGST rate revision: reclassifies service supplies, restricts input tax credit, and specifies service rate categories. Amendment to Notification No. 8/2017-Integrated Tax (Rate) revises IGST classifications and conditions for specified service supplies. It redefines restaurant and institutional catering supplies, creates a separate category for Indian Railways and IRCTC catering, and excludes event based and occasional catering from that category. The amendment also substitutes entries for goods transport, including a defined multimodal transportation concept and related transporter obligations, and distinguishes e books from other telecommunications, broadcasting and information supply services. The changes include explicit conditions limiting input tax credit for certain supplies and take effect from 27th July, 2018.
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IGST rate revision: reclassifies service supplies, restricts input tax credit, and specifies service rate categories.
Amendment to Notification No. 8/2017-Integrated Tax (Rate) revises IGST classifications and conditions for specified service supplies. It redefines restaurant and institutional catering supplies, creates a separate category for Indian Railways and IRCTC catering, and excludes event based and occasional catering from that category. The amendment also substitutes entries for goods transport, including a defined multimodal transportation concept and related transporter obligations, and distinguishes e books from other telecommunications, broadcasting and information supply services. The changes include explicit conditions limiting input tax credit for certain supplies and take effect from 27th July, 2018.
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