CBIC Clarifies GST Rates and Classification of Goods: Key Highlights from Circular No. 229/23/2024-GST

CBIC Clarifies GST Rates and Classification of Goods: Key Highlights from Circular No. 229/23/2024-GST

The CBIC, through Circular No. 229/23/2024-GST dated July 15, 2024, has issued clarifications regarding GST rates and classification of goods based on the recommendations of the 53rd GST Council meeting held on June 22, 2024, in New Delhi. This circular, issued under section 168(1) of the Central Goods and Services Tax Act, 2017, addresses the following issues:

The full circular can be accessed here.

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