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 21st Edition | 2025-26, authored by R.K. Jain and edited by CA. (Dr) Arpit Haldia. It is updated until 10th November 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)
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