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The Government of India, on the recommendation of the GST Council, has introduced amendments to Notification No. 2/2017-Central Tax (Rate), which governs exemptions under GST. These changes aim to include new exemptions and refine definitions for retail sale packaging.

Description:

1. New Exemption Added:
   • A new entry, S. No. 105A, has been added to the exemption schedule, providing GST exemption for “Gene Therapy” under HSN Code 30.
2. Definition of ‘Pre-Packaged and Labelled’:

“(ii) The expression ‘pre-packaged and labelled’ means all commodities that are intended for retail sale and containing not more than 25 kg or 25 litre, which are ‘pre-packed’ as defined in clause (l) of section 2 of the Legal Metrology Act, 2009 (1 of 2010) where, the package in which the commodity is pre-packed or a label securely affixed thereto is required to bear the declarations under the provisions of the Legal Metrology Act, 2009 (1 of 2010) and the rules made thereunder.”

1. Effective Date:
   • The notification comes into effect immediately upon its issuance.

This amendment expands GST exemptions to cover Gene Therapy, promoting access to advanced medical treatments. Additionally, the refined definition of “pre-packaged and labelled” provides clarity for businesses, ensuring better compliance with GST regulations.