GST Council clarifies Tax Rates on Certain Goods: Know Complete Details 

The GST ( Goods and Services Tax ) Council has clarified the tax rate on certain goods including milk cans, cartons, boxes and cases of both corrugated and non-corrugated paper or paper-board..etc.

The Union Finance Minister Nirmala Sitaraman presided over the 53rd meeting of the GST Council today (22nd June 2024) at New Delhi with Revenue Secretary and CBIC Chairman. The Minister has stated that the unaddressed agenda item will be scheduled for the Mid/End August Meeting.

The following are the recommendations of the GST Council :

1. A uniform rate of 5% IGST will apply to  imports of ‘Parts, components, testing equipment, tools and tool-kits of aircrafts, irrespective of their HS classification to provide a fillip to MRO activities subject to specified conditions.
2. All milk cans (of steel, iron and aluminium) irrespective of their use will attract 12% GST.
3. GST rate on ‘carton, boxes and cases of both corrugated and non-corrugated paper or paper-board’ (HS 4819 10; 4819 20) to be reduced from 18% to 12%.
4. All solar cookers, whether single or dual energy sources, will attract 12% GST.
5. To amend existing entry covering Poultry keeping Machinery attracting 12% GST to specifically incorporate “parts of Poultry keeping Machinery” and to regularise past practice on ‘as is where is’ basis in view of genuine interpretational issues.
6. To clarify that all types of sprinklers including fire water sprinklers will attract 12% GST and to regularise the past practice on ‘as is where is’ basis in view of genuine interpretational issues.
7. To extend IGST exemption on imports of specified items for defence forces for a further period of five years till 30th June, 2029.
8. To extend IGST exemption on imports of research equipment/buoys imported under the Research Moored Array for African-Asian-Australian Monsoon Analysis and Prediction ( RAMA ) programme subject to specified conditions.
9. To exempt Compensation Cess on the imports in SEZ by SEZ Unit/developers for authorised operations w.e.f. 01.07.2017.

Also read: GST Council Recommends Monetary Limits for GST Appeal Filing by GST Department

Other Miscellaneous Changes

10. To exempt Compensation cess on supply of aerated beverages and energy drinks to authorised customers by Unit Run Canteens under Ministry of Defence.
11. To provide Ad Hoc IGST exemption on imports of technical documentation for AK-203 rifle kits imported  for  Indian Defence forces.

Also read: 53rd GST Council Meeting: Key Highlights

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