Amendment to the Schedule.

(i) The Government may, by notification in the Official Gazette,— (a) reduce any rate of tax, (b) enhance any rate of tax, and may, by like notification, add to, or omit from or otherwise amend any entry of, any SCHEDULE hereto and thereupon the SCHEDULE shall be deemed to have been amended accordingly. (ii) Any notification issued under clause (i) shall take effect prospectively, either from the date of publication thereof in the Official Gazette or from a later date as may be mentioned therein; (iii) The provisions contained in section 50 regarding rules made by the Government shall apply mutatis mutandis to any notification issued under clause (i), as they apply to rules made by the Government.]