GST rate amendment reallocates low-value footwear to a higher state tax rate, changing its rate category effective next fiscal. Amendment removes the Schedule I entry at serial number 225 (2.5% rate) and inserts a new Schedule II entry in the 6% column after serial number 171 for 'footwear of sale value not exceeding Rs. 1000 per pair.' The change is effected under the Meghalaya GST Act, 2017 and takes effect on 1 January 2022, thereby reclassifying these goods between the specified SGST rate schedules.
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GST rate amendment reallocates low-value footwear to a higher state tax rate, changing its rate category effective next fiscal.
Amendment removes the Schedule I entry at serial number 225 (2.5% rate) and inserts a new Schedule II entry in the 6% column after serial number 171 for "footwear of sale value not exceeding Rs. 1000 per pair." The change is effected under the Meghalaya GST Act, 2017 and takes effect on 1 January 2022, thereby reclassifying these goods between the specified SGST rate schedules.
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