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of <h1>Karnataka Revises GST Act: Tax Rate Updates, New Service Classifications, and Exemptions Effective October 2021.</h1> The Government of Karnataka has amended Notification No. FD 48 CSL 2017, effective from October 1, 2021, under the Karnataka Goods and Services Tax Act, 2017. Key changes include updates to the classification and tax rates of certain services. Notable amendments involve the inclusion of '12AB' in tax exemption clauses, adjustments to intellectual property rights, job work services for alcoholic liquor, and various manufacturing and entertainment services. Additionally, new classifications for multimodal transport services within India have been introduced. These modifications aim to align with the public interest and recommendations from the GST Council.
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