GST rate amendment: Tripura revises tariff schedules and valuation allocation for mixed supplies, updating classifications and entries. Tripura amends its State GST rate notification by inserting, substituting, omitting and re numbering specified tariff entries across the 2.5%, 6%, 9% and 14% schedules, including new HSN descriptions for items such as cork, marble, parts for disabled carriages, lithium ion accumulators and video game consoles. The amendment adds a valuation rule deeming seventy percent of gross consideration as value of goods and thirty percent as value of taxable service for specified mixed supplies, and revises descriptive thresholds and classifications to realign goods within the State GST rate framework.
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GST rate amendment: Tripura revises tariff schedules and valuation allocation for mixed supplies, updating classifications and entries.
Tripura amends its State GST rate notification by inserting, substituting, omitting and re numbering specified tariff entries across the 2.5%, 6%, 9% and 14% schedules, including new HSN descriptions for items such as cork, marble, parts for disabled carriages, lithium ion accumulators and video game consoles. The amendment adds a valuation rule deeming seventy percent of gross consideration as value of goods and thirty percent as value of taxable service for specified mixed supplies, and revises descriptive thresholds and classifications to realign goods within the State GST rate framework.
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