Amendments to Integrated Tax Rates

The Central Government, exercising its powers under section 5(1) of the IGST Act, 2017, along with section 15(5) of the CGST Act, 2017, and based on the Council's recommendations, introduces the following amendments to Notification No. 1/2017-Integrated Tax (Rate) dated June 28, 2017.

Amendments in Schedule I (Tax rate: 5%): Omission of serial number 33A and its related entries. Insertion of item iii, "Marine Fuel 0.5% (FO)", after item ii under serial number 164. Substitution of entry against serial number 224 to "63 [other than 6305 32 00, 6305 33 00, 6309]".

Amendments in Schedule II (Tax rate: 12%): Insertion of new serial number 80AA and related entries for "Woven and non-woven bags and sacks of polyethylene or polypropylene strips or the like, whether or not laminated, of a kind used for packing of goods". Omission of serial number 201A and its related entries. Insertion of new serial numbers 205A to 205H and their related entries regarding rail locomotives, coaches, maintenance vehicles, parts, and fixtures.

Amendments in Schedule III (Tax rate: 18%): Insertion of "and caffeinated beverages" after "coconut water" under serial number 24A. Insertion of a new clause specifying exclusion from Schedule II under serial number 108. Substitution of entry against serial number 400 pertaining to motor vehicles for persons with orthopedic physical disability. Omission of serial number 446 and its related entries.

This notification shall be effective from October 1, 2019. Issued by Gunjan Kumar Verma, Under Secretary to the Government of India, this amendment aims to revise tax rates and classifications for various goods under the Integrated Tax regime.