NEXTGEN GST Reforms with Tariff, HSNs, Rates, Exemptions by CA. Ashok Batra – 1st Edition 2025

Description

Division 1

Referencer

Referencer 1        Definitions of various terms

Referencer 2        Updated Appeal and Revision Forms

Referencer 3        List of Latest Notifications, Circulars, FAQs, Press Releases, etc.

Referencer 4        Comparison of Schedules under Goods Rate Notifications

Referencer 5        Amended Rates of Tax on Services & ITC Eligibility (Full, Restricted, or Nil) – Effective from 22.09.2025

Division 2

Practice and Procedure

Chapter 1       Rate of Tax and Related Issues including ITC

Chapter 2       Specified Provisions of Finance Act, 2024 made applicable with effect from 01.10.2025

Chapter 3       CGST (Third Amendment) Rules, 2025

Chapter 4       Other Miscellaneous Provisions

Chapter 5       Changes recommended by GST Council but not yet Implemented

Division 3

Exempted Goods and GST Rates on Goods

Part A             Exempted goods under GST Acts namely CGST Act, IGST Act and respective SGST Acts w.e.f. 22.09.2025

Part B             Exempted goods under GST Acts namely CGST Act, IGST Act and respective SGST Acts from 01.07.2017 to 21.09.2025

Part C             Exempted goods under IGST Act Only w.e.f. 01.07.2017 till 21.09.2025

Part D             Exemption from Compensation Cess on Supply of Goods

Part E             Compensation Cess rates on supply of specified goods with effect from 01.07.2017

Part F             CGST Rates of Goods with HSN Codes w.e.f. 22.09.2025

Part G            CGST Rates of Goods with HSN Codes w.e.f. 01.07.2017 till 21.09.2025

Division 4

Exempted Services and GST Rates on Services

Part A             Exempted Services under CGST, IGST and SGST Acts w.e.f. 01.07.2017 (As amended w.e.f. 22.09.2025)

Part B             Exempted services under IGST Act only w.e.f. 01.07.2017

Part C             CGST rates of services with accounting codes w.e.f. 01.07.2017 (As amended w.e.f. 22.09.2025)

Part D             Scheme of Classification of Services

Part E             Compensation Cess Rates on Services w.e.f. 01.07.2017

Division 5

Notifications/Circulars/Orders/FAQs, etc.

Part A             Central Goods and Services Tax Notifications

Part B             Central Tax (Rate) Notifications

Part C             Integrated Goods and Services Tax (Rate) Notifications

Part D             GST Compensation Cess (Rate) Notifications

Part E             Ministry of Finance Notifications Related to Appeals before GSTAT

Part F             GST Circulars

Part G            Circular of Ministry of Consumer Affairs, Food and Public Distribution

Part H             Circular of Ministry of Finance, Department of Revenue (Tax Research Unit)

Part I              Office Memorandum of Ministry of Chemicals & Fertilizers

Part J              Orders of Directorate General of Health Services

Part K            GST Press Releases

Part L             Frequently Asked Questions (FAQs)

 

 

 

LIST OF ACRONYMS

S.No.	Acronym	Full Form
1.	BR	Butadiene Rubber
2.	CCTV	Closed-Circuit Television
3.	DMO	De-Mentholised Oil
4.	DTMO	De-Terpenated Mentha Oil
5.	EPDM	Ethylene-Propylene-Non- Conjugated Diene Rubber
6.	FRK	Fortified Rice Kernel
7.	GRG	Glass-fibre Reinforced Gypsum Board
8.	IIR	Isobutene-isoprene (butyl) rubber
9.	KVIC	Khadi and Village Industries Commission
10.	LD Slag	Linz-Donawitz Slag
11.	LED	Light-Emitting Diodes
12.	LPG	Liquefied Petroleum Gases
13.	NDEC	Non-Domestic Exempted Category
14.	UHT Milk	Ultra-High Temperature Milk
15.	Wind Operated Electricity Generator	WOEG