The Central Board of Indirect Taxes and Customs (CBIC) has notified the reduction in rate of goods as recommended by the 48th Goods and Services Tax (GST) Council meeting chaired by the Finance Minister Nirmala Seetharaman held on 17th December 2022.
The meeting conducted through virtual mode in New Delhi made proposals on tax reduction into certain goods. Husk of pulses (the outer layer of the grains which includes chilka and concentrates including chuni/churi, khanda, and Ethanol sent to refineries for blending with motor spirit (petrol) are the two categories of goods where the tax rates are decreased.
The GST Council recommended setting the GST rate for the first category of products, which includes concentrates like chuni/churi and husk of pulses like Chilka, at “Nil”. Husk Pulses previously had a 5% tax rate, however now there is no tax rate on such commodities. Ethyl alcohol supplied to refineries for blending with motor spirit (Petrol) makes up the second group of commodities. The GST council recommended reducing it from 18% to 5%.
As per the notification issued today, “Fruit pulp or fruit juice based drinks [other than Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice] attracts 12% GST.
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