The Central Board of Indirect Taxes and Customs (CBIC) notified that the 5% GST payable on Bio-diesel supplied to Oil Marketing Companies for blending with High-Speed Diesel.
The Board empowered under 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, the Central Government, on the recommendations of the Council amended notification of the Government of India in the Ministry of Finance (Department of Revenue), No.1/2017-Central Tax (Rate), dated the 28th June, 2017.
In the said notification, in Schedule I, 5% GST will be payable on tamarind seeds meant for any use other than sowing, Bio-diesel supplied to Oil Marketing Companies for blending with High-Speed Diesel, Pembrolizumab (Keytruda), and Retro fitment kits for vehicles used by the disabled.
In Schedule II, 12% GST will be payable on Bio-diesel (other than bio-diesel supplied to Oil Marketing Companies for blending with High-Speed Diesel), Bio-gas plant; Solar power based devices; Solar power generator; Windmills, Wind Operated Electricity Generator (WOEG); Waste to energy plants/devices; Solar lantern / solar lamp; Ocean waves/tidal waves energy devices/plants; and Photovoltaic cells, whether or not assembled in modules or made up into panels.
In Schedule III, 18% GST is payable on Iron ores and concentrates, including roasted iron pyrites, Manganese ores and concentrates, including ferruginous...
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