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Taxation Jammu & kashmir Ministry of Finance Jammu and Kashmir Goods and Services Tax Act, 2017

Inclusion of articles in the schedule for Goods and Services Tax (GST) rates

13-Sep-2023 | S.O. 478

Government of Jammu and Kashmir has issued a Notification, making further amendments to a previous notification no. SRO GST No. 01/2017, effective from 27th July. The key amendments made in the notification: 1. Schedule I - 2.5% Tax Rate: a. A new entry, S. No. 99B, has been added, covering "Un-fried or un-cooked snack pellets, by whatever name called, manufactured through the process of extrusion." b. Another new entry, S. No. 108A, has been added, covering "Fish soluble paste." 2. Schedule II - 6% Tax Rate: Amendment to S. No. 137, specifying that "Metallised yarn, whether or not gimped, being textile yarn, or strip or the like of heading 5404 or 5405, combined with metal in the form of thread, strip or powder or covered with metal, other than real zari thread (gold) and silver thread combined with textile thread and imitation zari thread or yarn known by any name in trade parlance" will fall under this category. 3. Schedule III - 9% Tax Rate: Amendment to S. No. 16, expanding the category to include "toasted bread and similar toasted products, un-fried or un-cooked snack pellets."

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