This book is a comprehensive and authoritative resource on GST Tariffs, covering both Goods with Harmonized System of Nomenclature (HSN) Codes and Services with Service Accounting Codes (SAC), along with detailed Explanatory Notes on the Scheme of Classification of Services. It is divided into seven organised divisions and provides an exhaustive understanding of GST tariffs, rate structures, and related statutory provisions.

This book is intended for the following audience:

• Tax Professionals & Accountants – Those who require up-to-date, detailed tariff information to advise clients or ensure compliance
• Legal Practitioners – Lawyers and legal researchers dealing with tax litigation, advisory, or compliance issues
• Government Officials & Policy Makers – Individuals engaged in regulatory oversight or policy formulation who need accurate and current tariff data
• Corporate and Business Executives – Decision-makers who need a solid understanding of GST implications on trade and commerce
• Students & Academicians – Learners and educators seeking an in-depth resource that explains the nuances of GST tariff classifications

The Present Publication is the 22^nd Budget 2025 Edition and updated till 1^st February 2025. This book is edited by Taxmann’s Editorial Board, with the following noteworthy features:

• [Systematic Classification] The book provides a well-organised classification system for goods using HSN codes and services with SAC, which is fundamental for accurately determining the correct GST rates
• [Accurate GST Rate Determination] It includes exhaustive lists and schedules detailing the GST rates applicable to a vast array of goods and services, ensuring that users can accurately determine the applicable GST rates
• [Comprehensive Coverage] Beyond listing GST rates, the book discusses the related statutory provisions, rules for interpretation, and notifications. This comprehensive approach ensures that users have all the necessary information at their fingertips to understand and apply GST laws correctly
• [Guidance on Compliance and Legal Interpretation] The book provides essential guidance through its explanatory notes, rules of interpretation, and references to the latest clarifications and case laws
• [Taxmann’s Series Bestseller Books] As part of Taxmann’s popular series on GST Tariff, the book is widely recognised for its reliability and relevance
• [Six-sigma Approach] The content follows the Six-Sigma Approach, aiming to achieve the benchmark of ‘zero error,’ ensuring high accuracy and dependability

The detailed coverage of the book is as follows:

• Division One – GST Tariff for Goods with HSN Code
  • Detailed chapters are arranged systematically, including general rules for interpreting the schedule
• Division Two – Rates Specified in Other Acts
  • Coverage of various rates, including those specified under the Central Excise Act
  • Includes National Calamity Contingent Duty, Additional Duties (on Tobacco, Motor Spirit, High-Speed Diesel Oil), and Special Additional Excise Duties
  • Explores other levies such as Road & Infrastructure Cess and Agriculture Infrastructure and Development Cess, along with Rule 18 of the Central Excise Rules, 2017
• Division Three – Commodity Index
  • A detailed index that enables quick reference to commodities classified under the GST tariff
• Division Four – GST Tariff for Services
  • Comprehensive arrangement covering CGST/SGST and IGST tariffs for services
  • Includes sections on Compensation Cess, tax rate and exemption notifications, reverse charge mechanisms (both intra-state and inter-state), and notified categories of services for electronic commerce operators
  • Contains the latest clarifications, case laws, and explanatory notes to aid understanding
• Division Five – Services Index
  • An organised index dedicated to the services covered within the tariff, enhancing navigability
• Division Six – GST Tariff Notifications (Rate of Tax and Exemptions)
  • Detailed presentation of all relevant GST notifications, ensuring users have access to official rate and exemption data
• Division Seven – GST Rate Reckoner for Goods
  • A comprehensive reckoner with a list of notifications that provides an at-a-glance reference for goods under GST

The structure of the book is as follows:

• Two-Volume Set – The publication is split into two volumes, each complementing the other to provide complete coverage of the subject matter
• Division-Based Organisation – Content is divided into seven clear divisions, each focusing on distinct aspects of GST:
  • Volume 1 lays the groundwork with detailed tariff information for goods and the legislative framework
  • Volume 2 reinforces the initial volume by extending coverage on notifications, updates, and specific reckoning details
• User-friendly Navigation – Each division begins with an arrangement or an index that guides the reader, making it easy to jump to relevant sections. Cross-references between divisions (linking notifications in Division Six to rate details in Division Seven) further enhance the book’s usability.
• Extensive Tables of Contents – Detailed contents for each division, complete with page numbers, allow for quick look-ups and serve as a reliable roadmap through the complex GST landscape.