CBIC Amends GST Goods Rate Notification Effective from January 4, 2024

• CBIC has issued a notification to amend the CGST Act
• The amendment modifies Notification No. 1/2017-Central Tax Rate
• The specific amendment pertains to Schedule I
• 2.5% of the notification
• There are two key changes in the entry against S. No. 165 and S. No. 165A
• The changes will be effective from January 4, 2024
• Similar notifications have been passed under the IGST Act and the UTGST Act

Source: a2ztaxcorp.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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