GST rate amendments reclassify specified goods and set a valuation rule for renewable energy device supplies. Amendments modify Karnataka GST Schedules by inserting, substituting and omitting entries across rate lists: at 2.5% add tamarind seeds (non-sowing), bio-diesel supplied to Oil Marketing Companies, retrofit kits for disabled vehicles and Pembrolizumab; at 6% reclassify bio-diesel descriptions, omit various items, and add renewable energy devices and parts with a valuation rule deeming 70% of gross consideration as goods value when supplied with certain taxable services; at 9% add ores and concentrates, plastics scrap, packing and printed matter revisions, and a range of railway rolling stock and parts; at 14% add carbonated fruit beverages. Effective from October 1, 2021.
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Provisions expressly mentioned in the judgment/order text.
GST rate amendments reclassify specified goods and set a valuation rule for renewable energy device supplies.
Amendments modify Karnataka GST Schedules by inserting, substituting and omitting entries across rate lists: at 2.5% add tamarind seeds (non-sowing), bio-diesel supplied to Oil Marketing Companies, retrofit kits for disabled vehicles and Pembrolizumab; at 6% reclassify bio-diesel descriptions, omit various items, and add renewable energy devices and parts with a valuation rule deeming 70% of gross consideration as goods value when supplied with certain taxable services; at 9% add ores and concentrates, plastics scrap, packing and printed matter revisions, and a range of railway rolling stock and parts; at 14% add carbonated fruit beverages. Effective from October 1, 2021.
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