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of <h1>India Revises CGST Rates: Updates to Serial 259A and Adds Diethylcarbamazine in Schedule I, Effective June 2, 2021.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 01/2021 to amend the previous Notification No. 1/2017-Integrated Tax (Rate). This amendment, effective from June 2, 2021, involves changes to the Central Goods and Services Tax (CGST) rate for certain goods. Specifically, in Schedule I, the entry for serial number 259A is updated to '9503.' Additionally, a new entry, 'Diethylcarbamazine,' is inserted in List 1 after serial number 230. The notification is made under the authority of the Integrated Goods and Services Tax Act, 2017, and the Central Goods and Services Tax Act, 2017.
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