GST rate amendments reclassify goods and set a deemed valuation rule for mixed supplies, altering rate applicability. The notification amends the State GST rate schedule by inserting a statutory cross reference, reclassifying, inserting, omitting and renumbering tariff entries across Schedules I-IV to adjust rate applicability; it adds specific commodity and part descriptions (including marble, cork, flexible containers, lithium ion accumulators and video game consoles), introduces a deemed valuation rule for mixed supplies involving a taxable service, and standardises certain product descriptions, with the amendments coming into force on the stated commencement date.
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GST rate amendments reclassify goods and set a deemed valuation rule for mixed supplies, altering rate applicability.
The notification amends the State GST rate schedule by inserting a statutory cross reference, reclassifying, inserting, omitting and renumbering tariff entries across Schedules I-IV to adjust rate applicability; it adds specific commodity and part descriptions (including marble, cork, flexible containers, lithium ion accumulators and video game consoles), introduces a deemed valuation rule for mixed supplies involving a taxable service, and standardises certain product descriptions, with the amendments coming into force on the stated commencement date.
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