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of <h1>Central Government Updates GST Rates: New Tax Percentages for Pharmaceuticals and Food Products Effective October 2024.</h1> The Central Government has amended Notification No. 1/2017-Central Tax (Rate) under the Central Goods and Services Tax Act, 2017. Effective from October 10, 2024, the amendments include the addition of items like Trastuzumab Deruxtecan, Osimertinib, and Durvalumab to Schedule I at a 2.5% rate. Schedule II introduces extruded or expanded savory products at a 6% rate. Schedule III modifies the description of snack pellets and updates entries related to seats, setting a 9% rate. Schedule IV adds seats for motor vehicles at a 14% rate. These changes follow the Council's recommendations.
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