GST rate amendments modify tariff classifications and valuation allocation rules, altering schedule entries and taxable valuation treatment. The amendment revises the Jharkhand GST rate notification by inserting, omitting, substituting and renumbering tariff entries across Schedules I-IV, adding new goods descriptions (including marble, cork articles, walking-sticks, fly ash products, parts for disabled-person carriages, lithium-ion accumulators and others), and substituting descriptive entries to clarify scope. It also introduces a valuation allocation rule deeming 70% of gross consideration as value of goods and 30% as value of a specified taxable service when goods are supplied with such services, and takes effect from the stated effective date.
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GST rate amendments modify tariff classifications and valuation allocation rules, altering schedule entries and taxable valuation treatment.
The amendment revises the Jharkhand GST rate notification by inserting, omitting, substituting and renumbering tariff entries across Schedules I-IV, adding new goods descriptions (including marble, cork articles, walking-sticks, fly ash products, parts for disabled-person carriages, lithium-ion accumulators and others), and substituting descriptive entries to clarify scope. It also introduces a valuation allocation rule deeming 70% of gross consideration as value of goods and 30% as value of a specified taxable service when goods are supplied with such services, and takes effect from the stated effective date.
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