GST rate schedule amendments revise tariff classifications and valuation rules, reallocating consideration between goods and taxable services. Amendments to the Uttar Pradesh GST notification add reference to sub section (5) of section 15 and revise multiple tariff entries across four rate Schedules by inserting, omitting, renumbering and substituting serial items (including cork products, marble, parts for disabled-person carriages, lithium-ion accumulators, video game consoles, retreaded tyres, flexible bulk containers and walking-sticks), and introduce an explicit valuation rule treating a percentage of gross consideration as value of goods where supplies mix specified taxable services with goods; the changes take effect from the notified commencement date.
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GST rate schedule amendments revise tariff classifications and valuation rules, reallocating consideration between goods and taxable services.
Amendments to the Uttar Pradesh GST notification add reference to sub section (5) of section 15 and revise multiple tariff entries across four rate Schedules by inserting, omitting, renumbering and substituting serial items (including cork products, marble, parts for disabled-person carriages, lithium-ion accumulators, video game consoles, retreaded tyres, flexible bulk containers and walking-sticks), and introduce an explicit valuation rule treating a percentage of gross consideration as value of goods where supplies mix specified taxable services with goods; the changes take effect from the notified commencement date.
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