GST – GST Council to consider rate change on only a handful of items in meet next week


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25-Jun-2022 11:58:39
News Date: 24 June 2022
- The rates panel rejected demands for GST reduction on 113 items including molasses, cut fruit and vegetables in syrup, medical devices, Rooftop solar panels etc.
- The fitment panel has recommended a hike in rate on cut and polished diamonds to 1.5% from 0.25% and reduced GST rates to 5% from the current 12% on ostomy appliances including the waterproof pouch for collecting waste from the body, used by patients suffering from ulcerative colitis, Crohn’s disease, diverticulitis, etc.
- Hearing aids will continue to attract nil rate.
- Electric vehicle, whether fitted or not with a battery pack, are eligible for the concessional 5% GST rate.
- The demand for GST rate reduction on walnut from 5% to nil and pickles and chutneys from 12% to 5% and that for ready-to-eat or ready-to-cook foods from 18% to 5% was being rejected.
- As almonds other dried fruits other than walnuts and cashews attract 12% GST.
Source - https://www.livemint.com/news/india/gst-council-to-consider-rate-change-on-only-a-handful-of-items-in-meet-next-week-11655966946315.html
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