The CBIC vide Notification No. 14/2021- Central Tax (Rate) dated November 18, 2021 amended the principal Notification No. 1/2017- Central Tax (Rate) dated June 28, 2017 specifying changes in GST rates effective from January 1, 2022, to mitigate the inverted duty structure in textile and footwear industry.

The notified rates shall be applicable w.e.f. January 1, 2022.  Taxpayers should ensure to charge the amended GST rates w.e.f. January 1, 2022 to avoid any hardships in the future.