As the states and center gear up for the 47th GST Board meeting in Chandigarh next week, here is a list of items and services, which – sources tell CNBC-TV18 – are being reviewed for tariffs, clarification, and even some that the appointed assembly The committee decided that it deserved no change.
Here are the recommendations made by the committee:
RATE CHANGE ON GOODS
Ostomy Appliances: 12% to 5%
All orthopedic implants: 5%, instead of a differential rate of 5% and 12%
Napa stone/tiles without mirror polish: 5%, instead of a differential rate of 5% and 18%
youflat 5% GST rate on all dal/legume milling by-products such as chilka, khanda and churi, etc., except food for cats and dogs
Exemption from Basic Customs Duty and IGST on certain imports of defense materials by private entities, provided that the end users are the Indian Armed Forces.
No GST on treated wastewater vs. 18%
Clarification on electric vehicles, equipped or not with a battery pack, eligible for the preferential rate of 5%
Increase tax on tetra-pack/tetra-wrapping paper from 12% to 18%
Correct service reversal by increasing the rate on cut and polished diamonds from 0.25% to 1.5%
NO RATE CHANGE
Fruit drinks, pickles, chutneys and sauces (12%)
Ready-to-eat foods, ready-to-cook foods, instant food mixes, etc. (18%)
Brand snacks such as chips, bhujia, namkeen, etc. (12%)
Medical devices (12%)
Rooftop solar projects and DCR modules (12%)
Meat, bones, flesh, dairy products, branded khoya and paneer, spices and edible oils, which are packaged in small containers or sachets
Tires and inner tubes used in electric rickshaws
Heating, ventilation, air conditioning (HVAC) machines (28%)
Electronic devices such as tablets, laptops, desktops, etc., when used by students and teachers for educational purposes
Precious stones and jewelry (3%)
Golden gold import (3%)
CNG buses and CNG kits (28%)
Parts used in electric vehicles
Marble and granite, ceramic and sanitary tiles (18%)
Fruit soft drinks or soft drinks with fruit juice (28% + 12% compensation)
Helicopters and aircraft parts
Aviation Gasoline (18%)
Dairy products like ghee, butter, flavored milk (12%)
COVID-19 drugs, such as Itolizumab, etc.
Tobacco supplied for the manufacture of smokeless tobacco products, beedis, tobacco products
The appointed assembly committee rejected a proposal to add the names of the Industrial and Commercial Bank of China and RBL Bank as the banking institution for the IGST exemption.
The committee further requested time to review and revise GST rates on printed books, which they believe can be done at a time when the general review of GST rates is being conducted.
In addition, pharmaceuticals will be taxed at 12%, as the assembly committee is of the opinion that the inputs of the pharmaceutical sector are chemicals, mainly at 18% GST. The general reduction of the GST on the pharmaceutical sector to 5% will accentuate the inverted duty structure and distortion in the chain of GST rates.
CHANGE OF PRICES ON SERVICES
Ice cream parlors will be taxed at 18% instead of a differential GST rate of 5% or 18%
Ski lift services will be taxed at 5% versus 18%
The committee clarified that in vitro fertilization (IVF) services are exempt from the GST because they fall under care services.
The committee also rejected proposals to change the rates charged on 102 services, a proposal from restaurants to restore the 12% GST with an input tax credit and a proposal to reduce the GST on cleaning services. dry and laundry.