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of <h1>India Revises IGST Rates: New 12% and 18% Tax Categories for Goods Including Milk Cans and Solar Cookers.</h1> The Government of India has issued Notification No. 02/2024 to amend the Integrated Goods and Services Tax (IGST) rates as specified in Notification No. 1/2017. Effective from July 15, 2024, the amendments include changes in tax rates for various goods. In Schedule II, new entries such as cartons, boxes, milk cans, and solar cookers are added under the 12% rate. Schedule III sees revisions, including exceptions for certain goods like milk cans and solar cookers under the 18% rate. Additionally, a provision clarifies the classification of agricultural produce packaging exceeding 25 kg or liters.
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