GST Amendment: Revised Tax Rates

Rate Adjustments: Amendments made to Union Territory Goods and Services Tax (UTGST) Act, 2017 to revise tax rates.

Schedule I - 2.5%: Removal of multiple serial numbers and corresponding entries for clarity and simplification.

Schedule II - 6%: Omission and addition of serial numbers and entries for woven fabrics, sewing threads, and related materials.

Schedule III - 9%: Elimination of specified serial numbers and associated entries to streamline the tax structure.

Effective Date: Amendments effective from January 1, 2022, unless specified otherwise.

Issued by Authority: Notification issued by Gaurav Singh, Deputy Secretary to the Government of India, ensuring official endorsement.

Regulatory Compliance: Aims to enhance clarity and ease of compliance with revised tax rates under the UTGST Act, 2017.