CBEC releases GST rate schedules for goods & services as updated upto November 15

CBEC releases updated schedules of GST rates for goods and services as on November 15 for convenience and ease of reference; Schedule for goods stipulates CGST rate of 2.5% for 258 tariff items, 6% for 223 items, 9% for 429 items, 14% for 50 items, 1.5% for 18 and 0.125% for 3 items, while exempting 140 items; Schedule of goods covered under reverse charge consists of 6 tariff items, whereas refund of unutilized ITC on account of inverted duty structure has been blocked in re...