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of <h1>India Updates GST Rates: Key Changes in Tariff Items for Goods in Schedules I-IV, Affecting Tax Rates.</h1> The corrigendum to Notification No. 1/2017-Central Tax (Rate) dated June 28, 2017, issued by the Ministry of Finance, Government of India, introduces amendments across various schedules of the Central GST rates. Changes include corrections to tariff item numbers and descriptions for goods in Schedules I, II, III, and IV, affecting tax rates of 2.5%, 6%, 9%, and 14%, respectively. Notable amendments involve updates to product descriptions such as Palmyra sugar, Agarbatti, photovoltaic cells, desiccated coconuts, optical fiber cables, and video game consoles, among others. These adjustments aim to clarify and correct previous entries.
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