GST Amendment: Updated Tax Rates
Schedule II - 6%: Removal of serial number 243 and associated entries to streamline tax categories.
Schedule III - 9%: Amendment to S. No. 452P, removing reference to "Information Technology software."
Issued by Government Authority: Notification issued by Rajeev Ranjan, Under Secretary to the Government of India, ensuring official endorsement.
Effective Date: Changes effective immediately upon publication, facilitating clarity in tax regulations.
Regulatory Compliance: Aimed at simplifying tax structures and ensuring compliance with the Union Territory Goods and Services Tax Act, 2017.
Seamless Implementation: Seeks to facilitate smooth implementation of updated tax rates for businesses and taxpayers.
Continued Review: Reflects ongoing efforts to review and refine tax policies in line with evolving economic and regulatory landscapes.
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