Amendments to Integrated Tax Rates Notification

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.