IGST rate amendment moves certain low value footwear into a higher tax bracket under the amended notification. The notification amends the IGST rate schedules by omitting Schedule I (5%) serial number 225 and inserting into Schedule II (12%), after serial number 171, a new entry for footwear of sale value not exceeding Rs. 1000 per pair, with effect from 1 January 2022.
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IGST rate amendment moves certain low value footwear into a higher tax bracket under the amended notification.
The notification amends the IGST rate schedules by omitting Schedule I (5%) serial number 225 and inserting into Schedule II (12%), after serial number 171, a new entry for footwear of sale value not exceeding Rs. 1000 per pair, with effect from 1 January 2022.
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