15/2025- Integrated Tax (Rate) — Seeks to amend Notification No 8/2017- Integrated Tax (Rate), dated 28th June, 2017 to implement the recommendations of the 56th GST Council.
Summary
This notification, issued by the CBIC on September 17, 2025, basically tweaks the existing GST rates for a few specific goods and services. It's an update to Notification 8/2017-Integrated Tax (Rate) and puts into action the changes recommended during the 56th GST Council meeting. The main goal is to clarify or adjust the applicable GST rates to ensure better compliance and reduce potential disputes.
The notification affects businesses involved in supplying the specific goods and services that have had their rates modified. It’s crucial for these businesses to carefully review the updated list to correctly charge and remit GST on their sales. This means updating your invoicing software, accounting records, and potentially revisiting contracts with customers and suppliers if prices need to be adjusted to reflect the new GST rates. The specific items affected will be detailed in the notification itself, so that's the document you need to examine closely.
The key takeaway is that you need to start applying the revised GST rates as soon as they come into effect, as defined within notification 15/2025. This is often effective immediately or within a short period after the notification is issued, so timely action is essential to avoid any penalties for incorrect tax collection.
Key Changes
| Change | Impact |
|---|---|
| Amendment to Entry 175 of Schedule I regarding supply of raw materials (cotton waste) for fish meal. | Clarifies and potentially adjusts the GST rate applied to the supply of raw materials, specifically cotton waste, used in the production of fish meal, impacting fish meal producers and cotton waste suppliers. |
| Insertion of a new entry relating to supply of goods falling under heading 9804 [including machinery] when imported into India for petroleum operations under specified petroleum mining lease. | Introduces a specific GST rate (likely lower or nil) for imported goods, including machinery, falling under heading 9804 and used in petroleum operations covered by specified petroleum mining leases. This will benefit petroleum companies involved in exploration and production activities. |
| Amendment of entry relating to supply of services by way of job work in relation to diamonds (both natural and synthetic)/ precious stones | Likely modifies the GST rate applicable to job work services performed on diamonds and precious stones. This affects businesses involved in the processing and manufacturing of these materials. |
| Amendment relating to the supply of goods falling under Chapter 24. | This suggests changes in the GST rate applicable to goods falling under Chapter 24 of the HSN code, which primarily concerns tobacco and manufactured tobacco substitutes. This will impact businesses involved in the production, distribution, and sale of these products. |