GST Council meet: Nirmala Sitharaman announces rates change for some items, exemptions. See list

gst council meet: nirmala sitharaman announces rates change for some items, exemptions. see list

New Delhi: Union Finance Minister Nirmala Sitharaman addresses a press conference after the 53rd GST Council Meeting, in New Delhi, Saturday, June 22, 2024. (PTI Photo/Kamal Singh)(PTI06_22_2024_000360A)

The 53rd GST Council met under the chairpersonship of Union Finance Minister Nirmala Sitharaman in New Delhi on Saturday.

The meeting was attended by MoS finance Pankaj Chaudhary, chief ministers of Goa and Meghalaya, deputy chief ministers of Bihar, Haryana, Madhya Pradesh, and Odisha, besides finance ministers of states & UTs and other senior officers.

The meeting took place after a gap of eight months. The 52nd GST Council meeting took place on October 7, 2023.

Also Read | Will petrol and diesel come under GST? Nirmala Sitharaman replies

 

Here's what the GST council has recommended:

Changes in GST rate

  • A uniform rate of 5% IGST will apply to imports of aircraft parts, components, testing equipment, tools, and toolkits, irrespective of their HS classification, to provide a fillip to MRO activities subject to specified conditions.
  • All milk cans (of steel, iron and aluminium), irrespective of their use, will attract 12% GST.
  • A 12% GST rate was also recommended for all types of carton boxes and cases made from both corrugated and non-corrugated paper or paperboard.

  • All solar cookers, whether single or dual energy source, to attract 12% GST.
  • The council has clarified that all types of sprinklers, including fire water sprinklers, to attract 12% GST.

    Recommendations relating to GST on services

  • GST Council has proposed the exemption for specific services offered by Indian Railways to the general public, as well as for intra-railway transactions.
  • The sale of platform tickets and services such as retiring rooms, waiting rooms, cloakroom facilities, and battery-operated car services are now exempt from GST.
  • Accommodation services valued up to 20,000 per person per month, provided for a continuous period of at least 90 days, will also be exempt. This exemption will benefit hostels and similar accommodations run by various social and community organizations.
  • The Council also recommended the phased rollout of biometric-based Aadhaar authentication for GST registration applicants across India.

Read more news like this on HindustanTimes.com

OTHER NEWS

2 hrs ago

How to boost your immune system naturally

3 hrs ago

Four Children Die From Suspected Chandipura Virus Infection; Here’s What You Need To Know About The Condition

3 hrs ago

Virat Kohli, Anushka Sharma attend Krishna Das kirtan in London - Watch

3 hrs ago

Gill-Jaiswal rewrite India's partnership records during 10 wicket win against Zimbabwe

3 hrs ago

India’s gold industry to create 25,000 jobs, attract Rs 15,000 crore by 2030, says sector report

3 hrs ago

The Kuravas and the 101 Kaurava temples of Kerala

3 hrs ago

PM Modi to Giorgia Meloni: World Leaders condemn assassination attempt on Donald Trump

3 hrs ago

Akshay Kumar Shares Why He Changed His Name From Rajiv Bhatia, His Father Said, 'What's Wrong With You?'

3 hrs ago

Former Madhya Pradesh high court judge Rohit Arya joins BJP

3 hrs ago

Heavy Rain Alert In Entire Nation, See Which Areas Are Likely To Be Affected | ABP News

3 hrs ago

BSNL Launches New Recharge Plan With 395 Days Validity: Check Price, Benefits, And More

3 hrs ago

Emergence of new directors in Kollywood that changed industry norms! - Big Story

3 hrs ago

Supreme Court upholds maintenance for Muslim women, here's a throwback to Shah Bano case

3 hrs ago

A tribute to Varanasi: Nita Ambani's spectacular homage to 'Eternal City' at Anant Ambani & Radhika Merchant's wedding

3 hrs ago

IPOs next week: Four new public issues, one listing to hit primary market; check full list here

3 hrs ago

Radhika Merchant looks breathtaking in hand-painted lehenga at Shubh Aashirwad ceremony

3 hrs ago

After 4 decades, Puri Jagannath Temple’s treasure trove to be opened today; snake experts on standby

3 hrs ago

What Amartya Sen said on 'Juktosadhana' for Hindus and Muslims in India

3 hrs ago

Jasprit Bumrah Said 'Fielder Peeche Le' But Arshdeep Singh Disagreed During T20 World Cup; Here's What Happened Next

3 hrs ago

AITA-CLTA National Series Under-18: Aditya Mor wins singles, doubles title with Aarav Chawla

3 hrs ago

'Not in our values to use such language against someone': KL Sharma backs Rahul Gandhi for slamming trollers of Smriti Irani

4 hrs ago

18th Lok Sabha: Meet the debutants

4 hrs ago

Next round of India-Korea FTA review meeting from July 17 in Seoul

4 hrs ago

Anupam Kher shares videos of PM Modi, Shankaracharyas from Anant Ambani-Radhika Merchant's 'Shubh Aashirwad' ceremony

4 hrs ago

Tour de France: Jasper Philipsen edges Wout van Aert in chaotic stage 13 sprint as big crash mars finale

4 hrs ago

Gold and silver prices today on 14-07-2024: Check latest rates in your city

4 hrs ago

Shiva Rajkumar To Star In Ram Charan's Next After Game Changer

4 hrs ago

Sachin Tendulkar, Virat Kohli IN; No MS DHONI In Yuvraj Singh's All-Time XI

4 hrs ago

BMC forecasts heavy to very rainfall accompanied with high tides in Mumbai

4 hrs ago

Inflation is highest in Odisha at 7.22 pc followed by Bihar and Karnataka: SBI research

4 hrs ago

My grandma used to give me 5 tulsi leaves with pepper and honey…

4 hrs ago

Pakistan: Imran Khan’s PTI is all set to emerge as the single-largest party in the country

5 hrs ago

'Our message should be clear…': EAM Jaishankar to BIMSTEC member states

5 hrs ago

After reel by woman, Gwalior authorities lay down norms for shoots, photography

5 hrs ago

No using Nepal against India but important to address pending issues: Oli’s party

5 hrs ago

What is the difference between ITR-1 and ITR-2 forms?

5 hrs ago

BB 3's Bakhtiyaar Irani Says Bigg Boss Contestants Work For Salman Khan: 'Amitabh Bachchan Was Different'

5 hrs ago

'Is It Wrong To...': IAS Officer Puja Khedkar's Father Defends Daughter, Says She Has 40% Visual Impairment

5 hrs ago

Amarnath Yatra: Fresh batch of pilgrims leaves for shrine under intensified security measures

5 hrs ago

Puri Jagannath Temple’s Ratna Bhandar, the chamber of secret, to reopen after 40 years

ALONGWALKER VIETNAM: Kênh khám phá trải nghiệm của giới trẻ, thế giới du lịch ALONGWALKER INDONESIA: Saluran untuk mengeksplorasi pengalaman para pemuda global