GST Council meeting begins next week; to consider rate revision on certain food items, medical devices
The 47th Goods and Services Tax (GST) council meeting scheduled next week in Chandigarh will take up revision on tax rates.
The 47th Goods and Services Tax (GST) council meeting scheduled next week in Chandigarh will take up revision on tax rates.
The two-day meeting of the GST council which begins on 28 June will likely be followed by a press conference.
The release listed the following recommended items to the council on which the GST revision will be considered.
TRENDING NOW
Recommendations on GST rate change on goods
Ostomy appliances: From 12 percent to 5 percent
All orthopaedic implants: 5 percent, instead of differential rate of 5 percent and 12 percent
Napa stone/tiles without mirror polishing: 5 percent, instead of differential rate of 5 percent and 18 percent
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OTHER RECOMMENDATIONS
Uniform GST rate of 5 percent on all by-products of milling of dal/pulses such as chilka, khanda and churi, etc, with the exception cat and dog food.
Exempting basic customs duty and IGST on certain defence imports by private entities, provided that the end users are the Indian Armed Forces.
No GST on sewage treated water as against 18 percent.
Clarification on electric vehicles, whether or not fitted with a battery pack, are eligible for the concessional rate at 5 percent.
Increase tax on tetra pack/tetra-packaging paper from 12 percent to 18 percent.
Correct duty inversion by increasing rate on cut and polished diamonds from 0.25 percent to 1.5 percent.
NO RATE CHANGE
Fruit drinks, pickles, chutneys and sauces (12 percent)
Ready-to-eat, ready-to-cook foods, instant food mixes, etc (18 percent)
Branded snacks such as chips, bhujia, namkeen, etc (12 percent)
Medical devices (12 percent)
Rooftop solar projects and DCR modules (12 percent)
Meat, bone, flesh, dairy products, branded khoya and paneer, spices and edible oils, which are packaged in small containers or sachets
Tyres and Tubes used in e-rickshaws
Heating, Ventilation, Air-Conditioning (HVAC) machines (28 percent)
Electronic devices like tablets, laptops, desktop computers, etc, when used by students and teachers for education purposes
Gems and jewellery (3 percent)
Import of Gold doré (3 percent)
CNG buses and CNG kits (28 percent)
Parts used in electric vehicles
Marble and granite, ceramic tiles and sanitaryware (18 percent)
Carbonated fruit drinks or carbonated beverages with fruit juice (28 percent + 12 percent compensation cess)
Helicopters and aircraft Parts
Aviation Gasoline from (18 percent)
Dairy products like ghee, butter, flavoured milk (12 percent)
COVID-19 drugs, such as Itolizumab, etc
Tobacco supplied for manufacture of smokeless tobacco products, beedis, tobacco products
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