GST rate classification changes update notified goods entries and substitute tariff headings across prescribed schedules. Amendments are made to the Central GST rate notification to align the notified goods classification entries with changes introduced by the Finance Act, 2026. The amendment substitutes tariff headings in Schedule I at 2.5% and in Schedule III at 20% for specified serial numbers, updating the applicable GST classifications for the listed goods entries. The notification operates as a rate and classification revision within the existing exemption and tax-rate framework under the Central Goods and Services Tax regime. It substitutes the relevant Harmonised System headings and sub-headings in the prescribed schedules and applies prospectively from 1 May 2026.
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Provisions expressly mentioned in the judgment/order text.
GST rate classification changes update notified goods entries and substitute tariff headings across prescribed schedules.
Amendments are made to the Central GST rate notification to align the notified goods classification entries with changes introduced by the Finance Act, 2026. The amendment substitutes tariff headings in Schedule I at 2.5% and in Schedule III at 20% for specified serial numbers, updating the applicable GST classifications for the listed goods entries. The notification operates as a rate and classification revision within the existing exemption and tax-rate framework under the Central Goods and Services Tax regime. It substitutes the relevant Harmonised System headings and sub-headings in the prescribed schedules and applies prospectively from 1 May 2026.
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