GST Council meeting: Relaxation on railway facilities, from hostels to solar cookers; Know what is cheap and what is expensive

GST Council Meeting: Many major decisions were taken in the 53rd meeting of GST Council chaired by Finance Minister Nirmala Sitharaman. These decisions will have a direct impact on the common people. Let us understand step by step what decisions have been taken by the GST Council.

Finance Minister Nirmala Sitharaman said platform tickets of Indian Railways are now GST free. Apart from this, retiring room facility, waiting room, cloak room services, battery operated car services are exempted from GST. At the same time, inter-railway supplies are also being exempted.

-GST Council for services provided as hostels outside educational institutions per person per month Rs. 20,000 has been given. This discount is for students or working class and can be availed if the stay is for at least 90 days.

– GST on all types of carton boxes and paper boards was recommended to be reduced from 18 percent to 12 percent. Himachal Pradesh and Jammu and Kashmir have been demanding a reduction in GST on carton boxes of apples and this reduction will help both horticulturists and the industry to save costs.

– It has been decided to impose 12 percent GST on solar cookers.

– The GST Council has recommended fixing a uniform rate of 12 percent on all milk cartons. Meaning it will apply to steel, iron, aluminum, any type of milk can.

According to the GST Council, 12 percent GST will be levied on all types of sprinklers, including fire water sprinklers.

Biometric based Aadhaar authentication will be introduced. This will help fight fraudulent input tax credit claims made through fake invoices.

-Financial limits have been recommended to be fixed at Rs 20 lakh for GST Appellate Tribunal, Rs 1 crore for High Court and Rs 2 crore for Supreme Court. If the financial limit is less than the limit set by the GST Council, the tax authority will not normally appeal.

-The Council has also recommended that the maximum amount of pre-deposit for filing an appeal before the Appellate Authority for CGST and SGST be Rs. 25 crore reduced to Rs. 20 crores should be made.

– The GST Council has sent a recommendation to the Group of Ministers to exempt the fertilizer sector from the current five percent GST. A group of ministers constituted to rationalize rates will now consider the issue.

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