GST rate schedule update: revised concessional rates for specified handcrafted goods, replacing previous tariff entries. Amendment substitutes the prior tariff Table to prescribe an itemised schedule of handcrafted and artisanal goods with specified concessional state tax rates (predominantly 2.5%, some at 1.5%), by listing Chapter/Heading/Subheading codes and product descriptions, thereby formalising rate treatment by tariff classification for the craft sector.
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Amendment substitutes the prior tariff Table to prescribe an itemised schedule of handcrafted and artisanal goods with specified concessional state tax rates (predominantly 2.5%, some at 1.5%), by listing Chapter/Heading/Subheading codes and product descriptions, thereby formalising rate treatment by tariff classification for the craft sector.
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