Government Amends Compensation Cess Rates for Carbonated Beverages
Scope of Amendment: Notification No. 1/2017 on Compensation Cess Rates is updated under the Goods and Services Tax Act.
New Schedule Entry: Addition of S. No. 4B for Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice, taxed at 12%.
Effective Date: The amendment takes effect from October 1, 2021, ensuring timely implementation.
Recommendations by the Council: Changes enacted based on recommendations from the Council, reflecting evolving taxation policies.
Administrative Details: Issued by the Ministry of Finance, Department of Revenue, under official notification.
Publication Reference: Original notification published in the Gazette of India, with previous amendments duly noted.
(Rajeev Ranjan) Under Secretary to the Government of India
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