Summary of GST Amendments (Effective from 10th October 2024) 1. GST Rate Changes for Goods 5% GST Rate: Applicable to Trastuzumab Deruxtecan, Osimertinib, and Durvalumab.

12% GST Rate: Reduced from 18% for extruded or expanded products (savoury/salted, excluding unfried or uncooked snack pellets).

5% GST Rate: For unfried or uncooked snack pellets made through extrusion. 28% GST Rate: Increased from 18% for motor vehicle seats to align with motorcycle seats. This applies prospectively to motor car seats. (Notifications: 05/2024-CT(R), UTT(R), IT(R) dated 08.10.2024)

2. Reverse Charge Amendment for Goods Reverse Charge: GST on supply of metal scrap by unregistered persons to registered persons now falls under reverse charge. (Notifications: 06/2024-CT(R), UTT(R), IT(R) dated 08.10.2024)

3. GST Rate Changes for Services 5% GST Rate: Reduced from 18% for passenger transport by helicopter on a seat share basis, provided no input tax credit on goods is claimed. (Notifications: 07/2024-CT(R), UTT(R), IT(R) dated 08.10.2024)

4. Service Exemptions Exemptions: Services related to metering equipment rental, testing, application fees for electricity connections, R&D services (government entities and research institutions), and affiliation services by educational boards to government schools.

Skill Development Services: Expanded exemptions for services provided by National Skill Development Corporation and affiliated bodies.

Amendments: Substitution of ‘National Council for Vocational Training’ with ‘National Council for Vocational Education and Training’. (Notifications: 08/2024-CT(R), UTT(R), IT(R) dated 08.10.2024)

5. IGST Exemptions for Services Airlines Exemption: Import of services by foreign airline establishments in India from related entities outside India, exempt from GST under reciprocal agreements and subject to certification by the Ministry of Civil Aviation. (Notifications: 08/2024-IT(R), 09/2024-IT(R) dated 08.10.2024)

6. Reverse Charge for Services Property Rent: Reverse charge applies to commercial property rentals from unregistered to registered persons. (Notifications: 09/2024-CT(R), UTT(R), IT(R) dated 08.10.2024)

These amendments aim to adjust GST rates, expand exemptions, and streamline reverse charge mechanisms for better compliance and alignment with policy objectives.