47th GST Council meeting chaired by Hon'ble Union Minister of Finance Nirmala Sitaraman has concluded today in Chandigarh which was attended by Union Minister of State for Finance Shri Pankaj Chaudhary besides Revenue Secretary Shri. Tarun Bajaj, Chairman of the CBIC Shri. Vivek Johri, Member of the CBIC Shri. D P Nagendra Kumar, Sandeep Kumar and Sanjay Agarwal and other senior officers from the Finance Ministry and the CBIC with Finance Ministers of States & UTs and Senior officers from Union Government & States.
As per Press release, The GST Council has made the following recommendations relating to Withdrawal of exemptions:
1. GST was exempted on specified food items, grains etc when not branded, or right on the brand has been foregone. It has been recommended to revise the scope of exemption to exclude from it prepackaged and pre-labelled retail pack in terms of Legal Metrology Act, including pre-packed, pre-labelled curd, lassi and butter milk.
2. In case of the following goods, exemption from GST will be withdrawn:
S. No. |
Description of goods |
From |
To |
GST rate changes |
|||
1. |
Cheques, lose or in book form |
Nil |
18% |
2. |
Maps and hydrographic or similar charts of all kinds, including atlases, wall maps, topographical plans and globes, printed |
Nil |
12% |
3. |
Parts of goods of heading 8801 |
Nil |
18% |
3. In case of the following goods, the exemption in form of a concessional rate of GST is being rationalized:
S. No. |
Description of goods |
From |
To |
GST rate changes |
|||
1. |
Petroleum/ Coal bed methane |
5% |
12% |
2. |
Scientific and technical instruments supplied to public funded research institutes |
5% |
Applicable rate |
3. |
E-waste |
5% |
18% |
4. In case of Services, following exemptions are being rationalized:
S.No. |
Description |
1. |
Exemption on transport of passengers by air to and from NE states & Bagdogra is being restricted to economy class |
2
|
Exemption on following services is being withdrawn.
|
3. |
Like CETPs, common bio-medical waste treatment facilities for treatment or disposal of biomedical waste shall be taxed at 12% so as to allow them ITC |
4. |
Hotel accommodation priced upto Rs. 1000/day shall be taxed at 12% |
5. |
Room rent (excluding ICU) exceeding Rs 5000 per day per patient charged by a hospital shall be taxed to the extent of amount charged for the room at 5% without ITC. |
6. |
Tax exemption on training or coaching in recreational activities relating to arts or culture, or sports is being restricted to such services when supplied by an individual. |
The rate changes recommended by the 47th GST Council will be made effective from 18th July, 2022.
