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<h1>India Amends GST Compensation Cess Rates Effective January 2022; Changes to Tariff Items Under Notification 2/2021.</h1> The Government of India, through the Ministry of Finance, issued Notification No. 2/2021 on December 28, 2021, to amend Notification No. 1/2017-Compensation Cess (Rate) dated June 28, 2017. This amendment, effective January 1, 2022, modifies entries in the schedule related to specific tariff items. Changes include substituting entries for S. Nos. 25, 37, 38, and 54 with specified tariff codes. The notification was issued under the authority of the Goods and Services Tax (Compensation to States) Act, 2017, following recommendations from the GST Council.