GST Rate Changes: What are the recent GST Changes in line with GST Council Meeting

The 48th GST Council meeting held on 17.12.2022 recommended changes in rates of GST on certain goods. Further, it also recommended changes in respect of goods under reverse charge and changes in relation to exemption on goods as well as services.

Rate Change

In order to give effect to the rate changes on goods, Notification No. 01/2017-CT(R) dt. 28.06.2017 and Notification No. 02/2017-CT(R) dt. 28.06.2017 amended vide Notification No. 12/2022-CT(R) dt. 30.12.2022 respectively. Changes in rates and exemption have been and Notification No. 13/2022-CT(R) dt. 30.12.2022 include Ethyl alcohol supplied to petroleum refineries for blending with motor spirit (petrol) whos rate is reduced from 18% CGST to 5% CGST. Further exemption has been given to Husk of pulses including Chilka, Concentrates including chuni or churi, khanda which were earlier charged to GST Rate of 5%.

Notification No. 14/2022-CT(R) dt. 30.12.2022 has been issued to amend reverse charge Notification No. 04/2017-CT(R) dt. 28.06.2017 to include supply of Mentha arvensis under reverse charge mechanism as has been done for Mentha Oil.

Renting of residential dwelling

Notification No. 15/2022-CT(R) dt. 30.12.2022 has been issued to amend Notification No. 12/2017-CT(R) dt. 28.06.2017 to clarify that ‘services by way of renting of residential dwelling’ shall be exempt where the registered person is proprietor of a proprietorship concern and he rents the residential dwelling in his personal capacity for use as his own residence and such renting is on his own account and not that of the proprietorship concern. Same notification has omitted entry 23A exempting service by way of access to a road or a bridge on payment of annuity.