Revised Integrated Tax Rates: Amendments for Enhanced Clarity

Central Government introduces amendments to Integrated Tax Rate structure. Amendments aimed at refining taxation policies for clarity and effectiveness.

Schedule I (5% tax) undergoes alterations for specific goods. Addition of items like walnuts and tamarind under revised tax rates.

Schedule II (12% tax) also sees revisions for certain commodities. Inclusion of rubber bands, wooden idols, and textile caps among others.

Amendments intend to streamline tax regulations and boost compliance. (Mohit Tewari) Under Secretary to the Government of India