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of <h1>India Announces CGST Rates for Goods Under Seven Schedules, Including Food, Chemicals, and Textiles</h1> The Central Government of India has issued a notification under the Central Goods and Services Tax Act, 2017, detailing the rates of Central Goods and Services Tax (CGST) applicable to various goods. The rates are categorized into seven schedules with tax rates of 2.5%, 6%, 9%, 14%, 1.5%, 0.125%, and 0.75%. Each schedule specifies the goods subject to the respective tax rate, based on their classification under the Customs Tariff Act. The notification includes comprehensive lists of goods across various categories, such as food items, chemicals, textiles, machinery, and other manufactured products, defining the applicable CGST rate for each.
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