Quick Summary
In a major move aimed at aligning tax rates with public welfare initiatives, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 04/2025-Central Tax (Rate) on January 16, 2025. The amendments primarily affect tax rates on specific goods and services under the Goods and Services Tax (GST) regime. Key Highlights 1. Fortified Rice Kernel Inclusion The notification introduces "food inputs for fortified rice kernel supply" for government schemes like ICDS, reflecting t
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FAQ :
The revision aims to align tax rates with public welfare initiatives and improve fiscal efficiency.
The updated GST rates came into effect immediately upon the issuance of Notification No. 04/2025-Central Tax (Rate) on January 16, 2025.
Food inputs for fortified rice kernel supply are being included for government schemes like ICDS.
The tax rate for Central Tax and Union Territory Tax has been raised from 6% to 9%.
The tax rate for Integrated Tax has been adjusted from 12% to 18%.
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