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Core Purpose

Three notifications by the Ministry of Finance (Department of Revenue) amending Schedule I of the principal GST rate notifications for Central Tax, Integrated Tax and Union Territory Tax to revise the tariff entries for certain petroleum-related HSN codes.

Detailed Summary

The Ministry of Finance (Department of Revenue), dated 3rd January 2024, issues three parallel notifications on the recommendations of the GST Council: (1) No. 01/2024-Central Tax (Rate), G.S.R. 10(E), under sub-section (1) of section 9 and sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017), amending the principal notification No. 1/2017-Central Tax (Rate) dated 28th June 2017 (G.S.R. 673(E), last amended by No. 17/2023-Central Tax (Rate) dated 19th October 2023, G.S.R. 774(E)); (2) No. 01/2024-Integrated Tax (Rate), G.S.R. 11(E), under sub-section (1) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), amending notification No. 1/2017-Integrated Tax (Rate) dated 28th June 2017 (G.S.R. 666(E), last amended by No. 20/2023-Central Tax (Rate) dated 19th October 2023, G.S.R. 775(E)); and (3) No. 01/2024-Union Territory Tax (Rate), G.S.R. 12(E), under sub-section (1) of section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), amending notification No. 1/2017-Union Territory Tax (Rate) dated 28th June 2017 (G.S.R. 710(E), last amended by No. 17/2023 dated 19th October 2023, G.S.R. 776(E)); in each case, in Schedule I - 2.5%, the entries against S. No. 165 and S. No. 165A in column (2) are substituted with the entry '2711 12 00, 2711 13 00, 2711 19 10'; all three amendments come into force with effect from 4th January 2024, and are issued under F. No. 190354/223/2023-TRU and signed by Nitish Karnatak, Under Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-03012024-251123 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 09] NEW DELHI, WEDNESDAY, JANUARY 3, 2024 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-SEC. 3(i)] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 3rd January, 2024 No. 01/2024-Central Tax (Rate) G.S.R. 10(E). — In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No.1/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 673(E), dated the 28th June, 2017, namely:- In the said notification, in Schedule I – 2.5%, - (i) against S. No. 165, in column (2), for the entry, the entry "2711 12 00, 2711 13 00, 2711 19 10" shall be substituted; (ii) against S. No. 165A, in column (2), for the entry, the entry "2711 12 00, 2711 13 00, 2711 19 10" shall be substituted; 2. This notification shall come into force with effect from the 4th day of January, 2024. [F. No. 190354/223/2023-TRU] NITISH KARNATAK, Under Secy. Note. - The principal notification No.1/2017-Central Tax (Rate), dated the 28th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 673(E), dated the 28th June, 2017 and was last amended by notification No. 17/2023 – Central Tax (Rate), dated the 19th October, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 774(E), dated the 19th October, 2023. NOTIFICATION New Delhi, the 3rd January, 2024 No. 01/2024-Integrated Tax (Rate) G.S.R. 11(E). — In exercise of the powers conferred by sub-section (1) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No.1/2017-Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 666(E), dated the 28th June, 2017, namely:- In the said notification, in Schedule I – 2.5%, - (i) against S. No. 165, in column (2), for the entry, the entry “2711 12 00, 2711 13 00, 2711 19 10" shall be substituted; (ii) against S. No. 165A, in column (2), for the entry, the entry "2711 12 00, 2711 13 00, 2711 19 10" shall be substituted; 2. This notification shall come into force with effect from the 4th day of January, 2024. [F. No. 190354/223/2023-TRU] NITISH KARNATAK, Under Secy. Note. - The principal notification No.1/2017-Central Tax (Rate), dated the 28th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 673(E), dated the 28th June, 2017 and was last amended by notification No. 20/2023 – Central Tax (Rate), dated the 19th October, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 775(E), dated the 19th October, 2023. THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-SEC. 3(i)] NOTIFICATION New Delhi, the 3rd January, 2024 No. 01/2024-Union Territory Tax (Rate) G.S.R. 12(E). – In exercise of the powers conferred by sub-section (1) of section 7 of the Union territory Goods and Services Tax Act, 2017 (14 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No.1/2017- Union Territory Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 710(E), dated the 28th June, 2017, namely:- In the said notification, in Schedule I – 2.5%, - (i) against S. No. 165, in column (2), for the entry, the entry "2711 12 00, 2711 13 00, 2711 19 10" shall be substituted; (ii) against S. No. 165A, in column (2), for the entry, the entry "2711 12 00, 2711 13 00, 2711 19 10" shall be substituted; 2. This notification shall come into force with effect from the 4th day of January, 2024. [F. No. 190354/223/2023-TRU] NITISH KARNATAK, Under Secy. Note. - The principal notification No.1/2017-Central Tax (Rate), dated the 28th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 673(E), dated the 28th June, 2017 and was last amended by notification No. 17/2023 – Central Tax (Rate), dated the 19th October, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 776(E), dated the 19th October, 2023.

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