Central Government introduces significant amendments to Notification No. 1/2017- Integrated Tax (Rate).
Amendments based on recommendations by the Council under the IGST Act, 2017.
Schedule I (5%): Addition of new items like ethyl alcohol for blending with motor spirit.
Schedule II (12%): Inclusion of bamboo flooring, removal of certain items like Sl. No. 57B.
Schedule III (18%): Notable changes include paints and varnishes based on synthetic polymers.
Schedule IV (28%): Omissions and modifications, such as removal of electric accumulators except Lithium-ion batteries.
Effective date of amendments: July 27, 2018.
Signed by Gunjan Kumar Verma, Under Secretary to the Government of India.