The Ministry of Finance (MoF) on April 30, 2026, issued an amendment to the older notification no. 9/2025-Integrated Tax (Rate), dated September 17, 2025, regarding the revision in the classification of certain goods under different tax rate schedules.
The following has been stated:
• The amendment updates the tariff headings (HSN codes) under Schedule I (5% tax rate) and Schedule III (40% tax rate) by substituting existing entries with revised codes related to beverages under heading 2202.
• These changes effectively realign certain products into appropriate tax slabs by modifying their classification.
• The amendment will come into force from May 01, 2026.
[Notification no. - 01/2026-Integrated Tax (Rate)]
