GST Council’s decisions On Rate Changes

Below are GST Council’s decisions On Rate Changes:

• Single rate of GST @ 28% on both State run and State authorized lottery. This change shall become effective from 1st March, 2020.

• Exemption to upfront amount payable for long term lease of industrial/ financial infrastructure plots by an entity having 20% or more ownership of Central or State Government. Presently, the exemption is available to an entity having 50% or more ownership of Central or State Government. This change shall become effective from 1st January, 2020.

• Rate of GST rate on Woven and Non-Woven Bags and sacks of polyethylene or polypropylene strips or the like , whether or not laminated, of a kind used for packing of goods ( HS code 3923/6305), post the changes recommended on such goods in last meeting and

• recommended to raise the GST to a uniform rate of 18%(from 12%) on all such bags falling under HS 3923/6305 including Flexible Intermediate Bulk Containers (FIBC).

• This change shall become effective from 1st January, 2020

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