Reduction in GST for sale of duty credit scrips from 12% to 5%
October 5, 2017
Members of the Council,
Sub : Reduction in GST for sale of duty credit scrips from 12% to 5%
We wish to inform you that in the GST Council meeting held in Hyderabad on Sept.9 a decision was taken to reduce the GST rate on sales of Duty Credit Scrip (Like Merchandise Exports from India Scheme) from 12% to 5%. Accordingly, CGST Notification No.27/2017-Central Tax(Rate) dated 22nd September 2017 has been issued giving effect to the aforesaid GST rate reduction. Copies of the said CGST Notification and GST rate change recommended in the GST Council meeting held on Sept.9 are enclosed herewith for your ready reference of members.
Thanks and regards
COUNCIL FOR LEATHER EXPORTS