The GST Council's 49th meeting was held in Delhi on February 18, 2023 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary besides Finance Ministers of States & UTs (with legislature) and senior officers of the Ministry of Finance & States/ UTs.
The GST Council had recommended to reduce the GST rates on 'Rab' from 18% to 5% if sold prepackaged,Nil - if sold otherwiseand on 'Pencil Sharpener' from 18% to 12%.
Accordingly, CBIC has notifiedthe amendmentsin Notification No. 1/2017-Central Tax (Rate) dated June 28, 2017 vide Notification No. 3/2023-Central Tax (Rate) dated February 28, 2023 , in order to align with recommendations of the 49th GST Council Meeting.
Schedule I - 2.5% |
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SI. No. |
Chapter / Heading / Sub-Heading / Tariff Item |
Existing Entry |
Revised / New Entry |
91A |
1701 or 1702 |
Jaggery of all types including Cane Jaggery (gur), Palmyra Jaggery, pre-packaged and labelled; Khandsari Sugar, pre-packaged and labelled |
Jaggery of all types including Cane Jaggery (gur), Palmyra Jaggery, pre-packaged and labelled; Khandsari Sugar, pre-packaged and labelled; Rab,pre-packaged and labelled |
Schedule II - 6% |
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186A |
8214 |
|
Pencil sharpeners |
Schedule III - 9% |
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302A |
8214 |
Other articles of cutlery (for example, hair clippers, butchers' or kitchen cleavers, choppers and mincing knives,); manicure or pedicure sets and instruments (including nail files) |
Other articles of cutlery (for example, hair clippers, butchers' or kitchen cleavers, choppers and mincing knives,); manicure or pedicure sets and instruments (including nail files) [other than pencil sharpeners] |
