CBIC releases Explanatory Notes to scheme of classification of services for GST purposes

CBIC releases Explanatory Notes to scheme of classification of services under GST regime, which is modified version of United Nations Central Product Classification (UNCPC); Said Explanatory Notes are based on the Notes to UNCPC, and indicate the scope and coverage of the heading, groups and service codes; States that the Explanatory Notes may be used by the assessee and tax administration as a guiding tool for classification of services, however, clarifies that “where a se...