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