Key Points
The fitment committee of the Goods and Services Tax (GST) Council has recommended the exemption of goods and services GST on powdered millet sold in loose form where 70% millet is used..
The committee refused to give any incentive for prepared produce made out of millet...
The council may not go for a major rate rejig as the fitment committee has rejected the proposal to reduce the GST rate on over one dozen items including on lithium-ion batteries used in electric vehicles (EV) to 5% from 18% and recommend status quo...
The EV industry had sought a reduction of GST on batteries from 18% to 5%, however, the fitment committee has recommended maintaining a status quo on the rate...
The fitment committee, which comprises revenue officials from both the Centre and states also deferred decision on imposing uniform cess on cigarettes and bidi, as the industry said that the current cess system is not uniform...
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GST council meeting today, what is the agenda?
07, Oct, 23The Goods and Services Tax (GST) council will meet to discuss various topics including exemption on GST on powdered millets, extending concessional rates on vehicles for visually impaired persons, and taxability on corporate and bank guarantees. The fitment committee is expected to exempt certain services supplied to government authorities and relax eligibility criteria on the Appellate tribunals.