GST Rate Revision on Beverages from 1 May 2026: Complete Business & Compliance Guide
Introduction: The Goods and Services Tax (GST) Council has introduced a significant change in the taxation of beverages, effective 1 May 2026. CBIC has issued Notification No. 01/2026-Central Tax (Rate) on 30 April 2026. This amendment, notified by the Central Board of Indirect Taxes and Customs (CBIC) under the Finance Act 2026, reclassifies beverages into distinct […]