Taxmann’s – R.K. Jain’s GST Tariff of India | 2024-25 – By R.K. Jain

This book is a comprehensive two-volume compendium that provides exhaustive information on the taxability and GST rates for goods and services. It includes a ready reckoner for GST rates, notifications, advanced rulings, and case laws.

This book is invaluable for tax professionals, businesses, and policymakers involved in implementing, managing, and complying with GST.

The Present Publication is the 20^th Edition | 2024-25, authored by R.K. Jain and edited by CA. (Dr) Arpit Haldia. It is updated until 23^rd July 2024. The noteworthy features of this book are as follows:

• [Introduction and Guidance]
  • Usage Instructions – Step-by-step guidance on how to use the tariff effectively
  • Tax Calculation – Detailed methods for calculating GST, including determining the rate of tax and the value of supply
  • Overview of GST Tariff – An introduction to the structure and significance of the GST tariff system
• [Volume 1 – GST Tariff for Goods]
  • Classification of Goods – Comprehensive classification of goods under GST, emphasizing the importance of accurate classification to avoid disputes
  • Detailed GST Rates and Exemptions – Information on GST rates up to 8 digits of HSN/Customs Tariff, along with exemptions under CGST, SGST, UTGST, and IGST
  • Rates from Other Acts – Coverage of rates specified in other legislative acts, including excise duties and additional cesses
  • Notifications for Goods – Notifications regarding CGST rates, fully exempted goods, and miscellaneous exemption notifications are incorporated
• [Volume 2 – GST Tariff for Services and IGST]
  • GST Rates for Services – A ready reckoner for GST rates and exemptions on services under CGST, SGST, UTGST, and IGST
  • Service Notifications – Notifications for services under CGST, IGST, UTGST, and SGST are incorporated
  • Integrated Goods and Services Tax (IGST) – Overview of IGST, including detailed notifications, rates, and exemptions
  • Ready Reckoner for Goods – Chapter-wise GST rates for goods under CGST, SGST, UTGST, and IGST
• [Additional Features]
  • Compensation Cess – Information on compensation cess for states and other cesses for goods and services, including relevant notifications and clarifications
  • Reverse Charge Mechanism – Notifications and guidelines on the reverse charge mechanism for goods and services
  • Commodity Index – A comprehensive index with HSN codes for easy navigation and classification
  • Chronological List of Notifications – Historical perspective on GST notifications, providing a chronological list of basic notifications
  • Abbreviations and Interpretation Rules – List of abbreviations used in the tariff and rules for interpreting the customs tariff as applicable to GST

The detailed contents of this book are as follows:

• 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
  • CGST Rates for Goods – Schedules I to VII – Notification No. 1/2017-C.T. (Rate)
  • Fully Exempted CGST Goods (Nil Rated) – Notification No. 2/2017-C.T. (Rate)
  • Exemption Notifications (Miscellaneous) for Goods & Services
• Part 3 – GST Tariff | Services (Chapter 99) | Ready Reckoner for GST Rates & Exemptions for Services
  • Ready Reckoner for GST Rates and Exemptions on Services under CGST, SGST, UTGST & IGST – Chapter 99 with Service Codes
  • Notifications on Services under GST
    • CGST Notifications on Services
    • IGST Notifications on Services
    • UTGST and SGST Notifications on Services
  • Explanatory Notes to Scheme of Classification of Services under GST
  • Circulars, Instructions, Press Notes, Case Law, Advance Rulings and FAQ on supply of Services
    • FAQs on Services
    • Circulars, Instructions, Press Notes & Case Law on Services
    • Case Laws
  • Codewise List of Services [Service Codes (Tariff) (SAC) & Scheme of Classification of Services]
  • Alphabetical List of Services with Service Codes (SAC)
• Part 4 – Integrated Goods and Services Tax (IGST)
  • Bird’s eye view of Integrated Goods and Services Tax (IGST)
  • Notifications issued under IGST
    • IGST Law and Procedures – Notifications
    • IGST Rates – Notifications
    • Fully Exempted IGST Goods (Nil Rated) – Notifications
    • IGST Exemption Notifications
• 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
  • Goods and Services Tax (Compensation to States) Act, 2017 (Extracts)
  • Notifications issued under GST Compensation Cess
  • Departmental Clarifications under Compensation Cess
• Part 7 – Reverse Charge Mechanism for Goods & Services
  • Reverse Charge Mechanism for CGST – Notifications
  • Reverse Charge Mechanism for IGST – Notifications
  • Reverse Charge Mechanism for UTGST – Notifications
  • Reverse Charge Mechanism for SGST – Notifications
  • Departmental Clarifications
• Part 8 – Commodity Index with HSN Codes
• Part 9 – Chronological List of Basic Notifications

R.K. Jain

Sh. R.K. Jain is a distinguished author specializing in Indirect Taxes, including Customs, Central Excise, Service Tax, Foreign Trade Policy (FTP), GST, and FEMA. He began his illustrious career in the early seventies. In 1975, he published the seminal works ‘Customs & Excise Tariffs and Manuals,’ which have recently celebrated their Silver and Golden Jubilee Editions.

Sh. R.K. Jain is also the editor of ‘Excise Law Times (E.L.T.),’ launched nearly 45 years ago. This journal brought significant awareness to Central Excise and Customs and has grown to become the leading publication in its field with the largest circulation.

In addition to E.L.T., he started ‘Service Tax Review’ in 2006 and ‘R.K. Jain’s GST Law Times’ in 2017, following the major Indirect Tax Reform introduced by GST. ExCus, the digital version of these journals, continues to provide valuable insights and updates on Indirect Taxes.