Taxmann;s – GST Tariff with GST Rate Reckoner

This book is a comprehensive and authoritative resource on GST Tariffs, covering both Goods with Harmonized System of Nomenclature (HSN) Codes and Services with Service Accounting Codes (SAC), along with detailed Explanatory Notes on the Scheme of Classification of Services. It is divided into seven organised divisions and provides an exhaustive understanding of GST tariffs, rate structures, and related statutory provisions. This book is helpful for professionals, legal practitioners, academicians, and businesses.

The Present Publication is the 21^st Edition | August 2024 and updated till 23^rd July 2024. This book is edited by Taxmann’s Editorial Board, with the following noteworthy features:

• [Systematic Classification] The book provides a well-organised classification system for goods using HSN codes and services with SAC, which is fundamental for accurately determining the correct GST rates
• [Accurate GST Rate Determination] It includes exhaustive lists and schedules detailing the GST rates applicable to a vast array of goods and services, ensuring that users can accurately determine the applicable GST rates
• [Comprehensive Coverage] Beyond listing GST rates, the book discusses the related statutory provisions, rules for interpretation, and notifications. This comprehensive approach ensures that users have all the necessary information at their fingertips to understand and apply GST laws correctly
• [Guidance on Compliance and Legal Interpretation] The book provides essential guidance through its explanatory notes, rules of interpretation, and references to the latest clarifications and case laws
• [Taxmann’s Series Bestseller Books] As part of Taxmann’s popular series on GST Tariff, the book is widely recognised for its reliability and relevance
• [Six-Sigma Approach] The content follows the Six-Sigma Approach, aiming to achieve the benchmark of ‘zero error,’ ensuring high accuracy and dependability

The detailed coverage of the book is as follows:

• GST Tariff for Goods with HSN Code
  • Arrangement of Chapters
  • GST Tariff for Goods with HSN Code
    • This section provides an extensive list of goods categorised under their respective Harmonized System of Nomenclature (HSN) codes, covering 1,400+ pages. Each entry is precisely detailed, enabling accurate determination of GST rates for a wide range of goods
  • General Rules for the Interpretation of this Schedule
    • It includes the General Rules for Interpreting the GST Schedule, which are important for correctly applying tariffs. These rules provide a structured approach to interpreting the classification of goods
• Rates Specified in Other Acts
  • Rates specified in the Central Excise Act
  • National Calamity Contingent Duty
  • Additional Duty on Tobacco
  • Additional Duty on Motor Spirit (Petrol)
  • Additional Duty on High-Speed Diesel Oil
  • Special Additional Excise Duty on Motor Spirit and High-Speed Diesel Oil
  • Road & Infrastructure Cess
  • Agriculture Infrastructure and Development Cess
  • Rule 18 of Central Excise Rules, 2017
• Commodity Index
  • A quick reference guide that enhances the usability of the entire tariff structure
• GST Tariff for Services
  • Arrangement of Services
  • Central Goods & Services Tax (CGST)/State Goods & Service Tax (SGST) Tariff for Services
  • Integrated Goods & Services Tax (IGST) Tariff for Services
  • Compensation Cess
  • Rate of Tax and Exemption Notifications for Services
  • Reverse Charge in case of intra-State supplies of services
  • Reverse Charge in case of inter-State supplies of services
  • Notified categories of services the tax on intra-State/inter-State supplies, which shall be paid by electronic commerce operator
  • No refund of unutilised Input Tax Credit
  • Notified registered persons who shall pay tax on a reverse charge basis on certain specified supplies of goods or services or both received from an unregistered supplier
  • Notified rate of tax to be levied on specified first intra-State supplies of goods or services
  • Latest Clarifications
  • Latest Case Laws
  • Explanatory Notes
• Services Index
• GST Tariff Notifications (Rate of Tax and Exemptions)
• GST Rate Reckoner for Goods

• Taxmann’s Editorial Board

  At the heart of Taxmann Publications lies the Research & Editorial Team, established from a cadre of Chartered Accountants, Company Secretaries, and Lawyers. This group, operating under the guidance of Editor-In-Chief Mr Rakesh Bhargava, is the cornerstone of Taxmann’s commitment to delivering unparalleled content accuracy and reliability.

  The team’s mission is anchored in the principles of the Six Sigma methodology, with a steadfast goal of eradicating errors and upholding the highest standards of excellence in all publications and research outputs. Their rigorous content development process is informed by core guidelines, ensuring every piece of work is authoritative and insightful. These guidelines include:

  • Sourcing – All statutory materials are derived exclusively from authorized and credible sources, guaranteeing the integrity of the information provided
  • Current Awareness – The team prioritizes keeping readers well-informed of the latest judicial and legislative developments, ensuring content is both timely and relevant
  • Analytical Insights – Special emphasis is placed on crafting analytical pieces on topical, contentious, and impactful issues, aiding readers in comprehensively understanding the nuances and implications of recent events
  • Clarity and Accuracy – Taxmann pledges that every publication is thorough, precise, and articulated with clarity, serving as a reliable reference for complex subjects
  • Evidence-based Referencing – Assertions and analyses are meticulously backed with references to relevant sections, circulars, notifications, or citations, enhancing the content’s credibility
  • Quality and Consistency – Adherence to the golden rules of grammar, style, and consistency is non-negotiable, ensuring a seamless and engaging reading experience
  • Accessibility – The choice of font and size across all print and digital mediums is dictated by legibility and consistency, making information accessible to all readers