GST rate amendment: State revises tax schedule entries and classifications, inserting and omitting tariff items with new rate alignments. Amendment to the State GST rate notification omits specified serial entries in Schedule I (2.5%) and Schedule III (9%), and extensively revises Schedule II (6%) by removing certain entries and inserting numerous new serial numbers and descriptive tariff entries-principally covering textile yarns, fabrics, man-made fibres, knitted and narrow woven goods, made-up articles and related classifications-along with substitutions to product descriptions; the notification takes effect on 1 January 2022.
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GST rate amendment: State revises tax schedule entries and classifications, inserting and omitting tariff items with new rate alignments.
Amendment to the State GST rate notification omits specified serial entries in Schedule I (2.5%) and Schedule III (9%), and extensively revises Schedule II (6%) by removing certain entries and inserting numerous new serial numbers and descriptive tariff entries-principally covering textile yarns, fabrics, man-made fibres, knitted and narrow woven goods, made-up articles and related classifications-along with substitutions to product descriptions; the notification takes effect on 1 January 2022.
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