Seeks to amend notification No. 9\/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018
02\/2018 Dated:- 25-1-2018 Integrated GST (IGST) Rate
GST
IGST Rate
IGST Rate
Government of India
\nMinistry of Finance
\n(Department of Revenue)
\nNotification No. 2\/2018- Integrated Tax (Rate)
\nNew Delhi, the 25th January, 2018
\nG.S.R. 70 (E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No.9\/2017- Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n entry in column (3), after item (b), the following item shall be inserted, namely: – = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n in the entry in column (3), in item (c), for the words “fifty thousand”, the words “two lakhs” shall be substituted; = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ted, namely:- = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n g contained in sub-item (v) of item (b) shall apply to an institution providing services by way of,- = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Seeks to amend notification No. 9\/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.201802\/2018 Dated:- 25-1-2018 Integrated GST (IGST) RateGSTIGST RateIGST RateGovernment of India Ministry of Finance (Department of Revenue) Notification No. 2\/2018- Integrated Tax (Rate) New Delhi, the … Continue reading “Seeks to amend notification No. 9\/2017- Integrated Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10164","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/10164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10164"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/10164\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n“(ba) way of supply of online educational journals or periodicals to an educational institution other than an institution providing services by way of
\n (i) pre-school education and education up to higher secondary school or equivalent; or
\n (ii) education as a part of an approved vocational education course;”;
\n(d) against serial number 17, in the entry in column (3), for the words “one year”, the words “three years” shall be substituted;
\n(e) after serial number 20 and the entries relating thereto, the following serial number and entries shall be inserted, namely: –
\n(1)
\n(2)
\n(3)
\n(4)
\n(5)
\n“20A
\nHeading 9965
\nServices by way of transportation of goods by an aircraft from customs station of clearance in India to a place outside India.
\nNil
\nNothing contained in this serial number shall apply after the 30th day of September 2018.
\n20B
\nHeading 9965
\nServices by way of transportation of goods by a v<\/p>\n
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\n(i) after serial number 37 and the entries relating thereto, the following serial number and entries shall be inserted, namely: –
\n(1)
\n(2)
\n(3)
\n(4)
\n(5)
\n“37A
\nHeading 9971 or Heading 9991
\nServices by way of reinsurance of the insurance schemes specified in serial numbers 36 or 37.
\nNil
\nNil”;
\n(j) after serial number 40 and the entries relating thereto, the following serial number and entries shall be inserted namely: –
\n(1)
\n(2)
\n(3)
\n(4)
\n(5)
\n“40A
\nHeading 9971
\nServices by an intermediary of financial services located in a multi services SEZ with International Financial Services Centre (IFSC) status to a customer located outside India for international financial services in currencies other than Indian rupees (INR).
\nExplanation.- For the purposes of this entry, the intermediary of financial services in IFSC is a person,-
\n(i) who is permitted or recognised as <\/p>\n
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\n“(iv) the Central Government, State Government, Union territory, local authority, Governmental Authority or Government Entity;”;
\n(iii) in item (c), after sub-item (ii), the following sub-item shall be inserted, namely:-
\n“(iii) the Central Government, State Government, Union territory, local authority, Governmental Authority or Government Entity.”;
\n(l) after serial number 56 and the entries relating thereto, the following serial number and entries shall be inserted, namely: –
\n(1)
\n(2)
\n(3)
\n(4)
\n(5)
\n“56A
\nHeading 9985
\nServices by way of fumigation in a warehouse of agricultural produce.
\nNil
\nNil”;
\n(m) against serial number 57, in the entry in column (3), after item (g), the following item shall be inserted, namely:-
\n“(h) services by way of fumigation in a warehouse of agricultural produce;”;
\n(n) against serial number 63, in the entry in column (3), the words “the Ministry of External Affairs,” shall be omitted;
\n(o) after serial number 68 and the entries relatin<\/p>\n
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\n (i) pre-school education and education up to higher secondary school or equivalent; or
\n (ii) education as a part of an approved vocational education course.”;
\n(q) against serial number 80, in the entry in column (3), in item (c), for the words “five thousand”, the words “seven thousand five hundred” shall be substituted;
\n(r) against serial number 84, for the entry in column (3), the following entry shall be substituted, namely: –
\n“Services by way of right to admission to-
\n(a) circus, dance, or theatrical performance including drama or ballet;
\n(b) award function, concert, pageant, musical performance or any sporting event other than a recognised sporting event;
\n(c) recognised sporting event;
\n(d) planetarium,
\nwhere the consideration for right to admission to the events or places as referred to in items (a), (b), (c) or (d) above is not more than ₹ 500 per person.”.
\n[F. N<\/p>\n
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