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<h1>GST state tax rates notified: tiered schedule based rates for goods, setting specific percentage bands and applicability.</h1> Notification prescribes schedule based state tax rates for intra State supplies: Schedule I at 2.5%, Schedule II at 6%, Schedule III at 9%, Schedule IV at 14%, Schedule V at 1.5%, and Schedule VI at 0.125%. Each Schedule identifies applicable tariff chapters, headings, sub headings or tariff items and descriptions of goods. The notification defines 'unit container' and 'registered brand name' and directs that the First Schedule to the Customs Tariff Act, 1975 and its interpretive rules apply. The notification is effective from 1 July 2017.
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