The CBIC has issued Notification No. 02/2024- Central Tax (Rate) and Notification No. 03/2024- Central Tax (Rate) dated 12.07.2024, to amend Notification No.01/2017-Central Tax (Rate), dated June 28, 2017 (Goods Rate Notification) and Notification No.02/2017-Central Tax (Rate), dated June 28, 2017 (Goods Exemption Notification) respectively. Also, Notification No.01/2024 – Compensation Cess (Rate) has been issued to exempt supply of certain goods from payment of compensation cess. By this Notification, CBIC has been issued to give effect to the recommendations of the 53rd GST Council Meeting held on 22nd June, 2024, relating to provide exempt goods from payment of tax and changes in rate of tax in respect of goods . The Notification shall be effective w.e.f. 15.07.2024.
A. Change in rate of Goods
| S.No. | Description of Goods | From | To |
| 1. | Cartons, boxes and cases of, –(a) corrugated paper or paper board; or(b) non-corrugated paper or paper board | 18% (9% CGST + 9% SGST) | 12% (6% CGST + 6% SGST) |
| 2. | Milk cans made of Iron, Steel, or Aluminium | 18% (9% CGST + 9% SGST) | 12% (6% CGST + 6% SGST) |
| 3. | Solar cookers | 18% (9% CGST + 9% SGST) | 12% (6% CGST + 6% SGST) |
B. Exemption from GST on goods
Proviso inserted under Explanation in Notification No.2/2017-Central Tax (Rate) as amended from time to time. Proviso reads as “Provided that notwithstanding anything contained in the Legal Metrology Act,2009 (1 of 2010) and the rules made thereunder, as amended from time to time, the supply of agricultural farm produce in package(s) of commodities containing quantity of more than 25 kilogram or 25 litre shall not be considered as a supply made within the scope of expression ‘pre-packaged and labelled’.
It is mean that Supply of agricultural farm produce in package(s) of commodities containing quantity of more than 25 kilogram or 25 litre shall not be considered as a supply made within the scope of expression ‘pre-packaged and labelled’ and therefore, no GST would be applicable on the same.
C. Exemption from Compensation Cess
Vide this Notification, exemption provided in respect to supply of goods falling under the heading 2202 i.e. Aerated beverages and energy drinks by a Unit Run Canteen (URC) to authorised customers, from the whole of the Goods and Services Tax Compensation Cess.
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