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of <h1>Finance Ministry Updates Union Territory Tax Rates: Ethyl Alcohol, Bran, Fruit Pulp Drinks, and More Affected.</h1> The Ministry of Finance has issued Notification No. 12/2022 amending the Union Territory Tax (Rate) Notification No. 1/2017, effective from January 1, 2023. The amendments involve changes to tax rates on specific goods under the Union Territory Goods and Services Tax Act, 2017. In Schedule I (2.5%), the entries for ethyl alcohol and bran have been updated. Schedule II (6%) now includes specific entries for fruit pulp drinks and mathematical boxes. Schedule III (9%) revises the entry for ethyl alcohol and other spirits. These changes are made under the authority of the Central Government based on Council recommendations.
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