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of <h1>Finance Ministry Amends UTGST Tax Rates: New Additions to Schedules Include Cancer Drugs, Snacks, and Vehicle Seats.</h1> The Ministry of Finance has issued Notification No. 05/2024 to amend the Union Territory Tax (Rate) Notification No. 1/2017 under the Union Territory Goods and Services Tax Act, 2017. Effective from October 10, 2024, the amendments include additions to various schedules: Schedule I (2.5%) now includes Trastuzumab Deruxtecan, Osimertinib, and Durvalumab; Schedule II (6%) adds extruded or expanded savoury or salted products; Schedule III (9%) modifies entries related to snack pellets and seats; and Schedule IV (14%) adds motor vehicle seats. These changes follow recommendations from the GST Council.
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