GST rate amendments expand lower rate drug listings and reclassify extruded snack products and vehicle seats under revised tariff entries. State GST notification amends multiple rate schedules: it inserts three named pharmaceutical products into the 2.5% list; adds an entry for extruded or expanded savoury or salted products into the 6% schedule; broadens the 9% description to include extruded or expanded savoury or salted snack pellets and substitutes the seats entry to exclude certain headings while covering other seats and parts; and inserts a 14% entry for seats of a kind used for motor vehicles. The amendments commence in October 2024.
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GST rate amendments expand lower rate drug listings and reclassify extruded snack products and vehicle seats under revised tariff entries.
State GST notification amends multiple rate schedules: it inserts three named pharmaceutical products into the 2.5% list; adds an entry for extruded or expanded savoury or salted products into the 6% schedule; broadens the 9% description to include extruded or expanded savoury or salted snack pellets and substitutes the seats entry to exclude certain headings while covering other seats and parts; and inserts a 14% entry for seats of a kind used for motor vehicles. The amendments commence in October 2024.
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