Summary
- The CBIC has amended Notification No. 9/2025-Central Tax (Rate) to align GST tariff entries with the Finance Act, 2026.
- Issued on April 30, 2026, the new Notification No. 01/2026-Central Tax (Rate) revises classifications under Schedule I and Schedule III, impacting GST rates of 2.5% and 20%.
- Key changes include substitutions for tariff entries at Serial Nos. 150, 151 in Schedule I and Serial Nos. 2, 3 in Schedule III.
- These amendments will take effect from May 1, 2026, marking a significant update to the GST rate structure.
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