The Ministry of Finance (MoF) on September 29, 2023, issued a notification regarding the amendment to notification No. 1/2017 -Integrated Tax (Rate) dated June 28, 2017, related to the rate of the integrated tax of goods
This shall come into force on October 01, 2023
The following has been amended namely: -
• In Schedule IV the following shall be amended namely: -
(a) After S.No. 227 which states “All dutiable articles intended for personal use” the following S. No. and entries shall be inserted, namely: - "227A, ‘Any Chapter Specified actionable claim’; Explanation: “specified actionable claim” as defined in section 2(102A) of the CGST Act, 2017 means the actionable claim involved in or by way of—
(i) betting; (ii) casinos; (iii) gambling; (iv) horse racing; (v) lottery; or (vi) online money gaming;”;
(b) The S. No. 228 and 229 and the entries relating thereto shall be omitted.
[Notification No. 14/2023- Integrated Tax (Rate)]
