The Ministry of Finance (MoF) on July 13, 2022 has issued a notification to amend the schedule of exempted goods from central tax for intra-state supplies under section 11 of the Central Goods and Services Tax Act, 2017 (13 of 2017)stated in Notification No.2/2017-Central Tax (Rate), dated June 28, 2017.
The following amendments have been made:
• The schedule which specifies the description of Exempted goods has been amended.
• The explanation of Clause (ii) has been substituted, namely:
“(ii) The expression pre-packaged and labelled‘ means a ̳pre-packaged commodity‘ as defined in clauses (l) of section 2 of the Legal Metrology Act, 2009 (1 of 2010) where, the package in which the commodity is pre-packed or a label securely affixed thereto is required to bear the declarations under the provisions of the Legal Metrology Act, 2009 (1 of 2010) and the rules made thereunder.”
This notification shall come into force on July 18, 2022.
[Notification No. 7/2022-Central Tax (Rate)]
