GST levy on non-exempt goods continues under a notified reduced rate for a limited period, subject to notification. A notified reduced GST rate applies to goods not covered by the first entry of the exemption schedule; such goods are taxable under the relevant schedule ... Summary
GST levy on non-exempt goods continues under a notified reduced rate for a limited period, subject to notification.
A notified reduced GST rate applies to goods not covered by the first entry of the exemption schedule; such goods are taxable under the relevant schedule at the reduced integrated tax rate for a limited, defined period, introduced by a specific notification and subject to its temporal application.
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