75th Founding Day Lecture Meeting on “India@2030” Know More

December 2023

Recent Developments in GST

By G. G. Goyal, Chartered Accountant | C. B. Thakar, Advocate
Reading Time 18 mins
  1. NOTIFICATIONS RELATING TO RATE OF TAX

1. The Government has issued various notifications, all dated 19th October, 2023, for amending certain entries in Schedules prescribing rate of tax. The short gist is as under:

Sr. Notification No. Indicative Change
(i) Notification No. 12/2023-Central Tax (Rate) To effect changes in notification no. 11/2017. The change is regarding conditions about eligibility of ITC in given circumstances.
(ii) Notification No. 13/2023-Central Tax (Rate) To effect changes in notification no. 12/2017 Central Tax (Rate) dated 28th June, 2017. The changes are mainly related to the tax rate for supply to the Government.
(iii) Notification No. 14/2023-Central Tax (Rate) To amend notification no. 13/2017 — Central tax (Rate) dated 28th June, 2017. The changes are relating to services
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