Description
Centax Publication GST Tariff of India 2022-23 by R K Jain
This book provides complete details about the Taxability & GST Rates with amended tariff schedules as applicable from 1-1-2022. It also includes a Ready Reckoner for GST Rates, GST Notifications, Advanced Rulings & Case Laws. Lastly, it incorporates basic details, such as:
How to use GST Tariff?
How to Calculate Tax under GST
Introduction to GST Tariff
Classification of Goods & Services under GST
List of Nil Rated/Exemption/Non-Taxable Goods under CGST, IGST, SGST & UTGST
List of Nil Rated/Exemption/Non-Taxable Services under CGST, IGST, SGST & UTGST
Exemption to Small Taxpayers with annual turnover up to INR 40 Lakh/20 Lakh/10 Lakh (Threshold Exemption)
· Composition Scheme for payment of 1% or 5% GST on Annual Turnover of Goods and Restaurant Service up to INR One and a half crore/75 lakh in a Financial Year
· New Composition Scheme w.e.f. 1-4-2019 for intra-State supplies of services or goods or both on payment of 6% GST (3% CGST + 3% SGST) on Annual Turnover up to INR 50 lakh in a Financial Year for taxpayers not covered under the existing composition scheme for goods and Restaurant services
· Statutory Provisions for GST levy, Rate of Tax, Exemptions —CGST Act, 2017 (Extracts)
· Interpretative Rules, as applicable to GST Tariff
· List of Abbreviations used in the Tariff
The Present Publication is the 15th Edition, authored by R.K. Jain, as amended on 1st February 2022.
This book consists of 9 parts.
Part 1 – GST Tariff | Goods (GST Rates up to 8 Digits of HSN/Customs Tariff & Exemptions under CGST, SGST, UTGST & IGST)
Rates Specified in Other Acts
Part 2 – Notifications | GST Rates & Exemption for Goods
Part 3 – GST Tariff | Services (Chapter 99)
Part 4 – Integrated Goods and Services Tax (IGST)
Notifications issued under IGST
Part 5 – GST Rates | Ready Reckoner for Goods (Ready Reckoner for GST Rates for Goods under CGST, SGST, UTGST & IGST)
Part 6 – Compensation Cess for States & Other Cesses for Goods & Services
Part 7 – Reverse Charge Mechanism for Goods & Services
Part 8 – Commodity Index with HSN Codes
Part 9 – Chronological List of Basic Notifications
The coverage of the book is as follows:
Eight digits HSN wise CGST/SGST/UTGST/IGST rates applicable on supply of goods and services
Compensation Cess
Goods and services which are exempt from GST
Goods and services which are subject to Reverse Charge liability
All relevant Advance Rulings, Case Laws & department clarifications on the classification of goods and services and rates of GST
Updated text of relevant GST Notifications
Composition Scheme
Alphabetical list of services
Commodity index with codes
Explanatory Notes to Scheme of Classification of Services under GST
Relevant provisions of GST legislation relating to levy, exemption, rate of tax etc.
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About the author
R.K. Jain
Sh. R.K. Jain, the renowned author of Indirect Taxes including Customs, Central Excise, Service Tax, Foreign Trade Policy (FTP), GST and FEMA. He made his debut in the early seventies, and in the year 1975, he brought out Customs & Excise Tariffs and Manuals, which have recently celebrated Silver/ Golden Jubilee Editions.
Excise Law Times (E.L.T.) edited by Sh. R.K. Jain was launched nearly 45 years ago, and it brought awakening in the field of Central Excise and Customs. It has grown to be the prime journal with the largest circulation.
Another Journal, 'Service Tax Review', was started in 2006, and finally, R.K. Jain's GST Law Times was introduced in 2017, after the advent of GST, the major Indirect Tax Reform. EXCUS is the digital version of these Journals.