GST Notification 01/2026-Central Tax (Rate) Effective May 1 2026: How the Finance Act 2026 Beverage Reclassification Moves HS 2202 Carbonated and Caffeinated Drinks to the 40 Per Cent Slab, the Schedule I and Schedule III Tariff Substitutions, the May 6 Corrigendum GSR 339(E), and the Practitioner Compliance Checklist
Notification 01/2026-Central Tax (Rate), effective 1 May 2026, realigns HS 2202 beverage tariff entries with the Finance Act 2026 GST structure and the 40% slab.