𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗚𝗦𝗧 𝗥𝗮𝘁𝗲𝘀 𝗮𝗻𝗱 𝗖𝗹𝗮𝘀𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 (𝗚𝗼𝗼𝗱𝘀) - 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗡𝗼. 𝟮𝟯𝟱/𝟮𝟵/𝟮𝟬𝟮𝟰-𝗚𝗦𝗧 📢 The Ministry of Finance issued key clarifications regarding GST rates and classification of certain goods based on the recommendations of the 54th GST Council meeting.

🔍 𝗞𝗲𝘆 𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀: 𝗚𝗦𝗧 𝗼𝗻 𝗘𝘅𝘁𝗿𝘂𝗱𝗲𝗱/𝗘𝘅𝗽𝗮𝗻𝗱𝗲𝗱 𝗦𝗮𝘃𝗼𝘂𝗿𝘆 𝗙𝗼𝗼𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀: 𝗜𝘀𝘀𝘂𝗲: Classification of savoury or salted extruded snack pellets. 𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Effective 10th October 2024, extruded or expanded savoury/salted products (except un-fried/un-cooked snack pellets) fall under HS 1905 90 30 and attract 12% GST. Un-fried/un-cooked snack pellets remain taxed at 5%. For past periods, 18% GST is applicable.

𝗚𝗦𝗧 𝗼𝗻 𝗥𝗼𝗼𝗳 𝗠𝗼𝘂𝗻𝘁𝗲𝗱 𝗔𝗶𝗿 𝗖𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝗲𝗿𝘀 𝗳𝗼𝗿 𝗥𝗮𝗶𝗹𝘄𝗮𝘆𝘀: 𝗜𝘀𝘀𝘂𝗲: Classification of Roof Mounted Package Unit (RMPU) air conditioners for railways. 𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: RMPU air conditioners are classified under HS 8415 and attract 28% GST.

𝗚𝗦𝗧 𝗼𝗻 𝗖𝗮𝗿 𝗮𝗻𝗱 𝗠𝗼𝘁𝗼𝗿𝗰𝘆𝗰𝗹𝗲 𝗦𝗲𝗮𝘁𝘀: 𝗜𝘀𝘀𝘂𝗲: Classification of seats for cars and motorcycles. 𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Seats for motorcycles (classified under HS 8714) attract 28% GST, while car seats (classified under HS 9401) also attract 28% GST, effective from 10th October 2024.

📜 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻: 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗡𝗼.: 235/29/2024-GST 𝗗𝗮𝘁𝗲: 11th October 2024 𝗦𝗼𝘂𝗿𝗰𝗲: Ministry of Finance, Government of India

This circular provides clarifications on product classification and updated GST rates for specific goods, ensuring uniformity in the implementation across industries.