CBIC issues Clarification regarding GST rates & Classification (Goods) as per Council Recommendations

The Central Board of Indirect Taxes and Customs (CBIC) issued a clarification on the Goods and Services Tax (GST) rates and classification of various goods, following the recommendations made during the 54th GST Council meeting. The circular, dated October 11, 2024, addresses the classification and applicable GST rates for extruded or expanded savory food products, Roof Mounted Package Unit (RMPU) air conditioning machines for railways, and seats for two-wheelers and four-wheeled vehicles. The clarification aims to minimize confusion for businesses and tax authorities by providing clear guidelines on the GST rates and classifications for these goods, ensuring consistent application of tax laws.