Deepak Gupta | Sep 17, 2021 |
GST Council 45th Meeting Official Press Release
The GST Council’s 45th meeting was held today in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made the following recommendations relating to changes in GST rates on supply of goods and services and changes related to GST law and procedure:
I. Recommendations relating to GST rates on goods and services
A. COVID-19 relief measure in form of GST rate concessions
1. Extension of existing concessional GST rates (currently valid till 30th September, 2021) on following Covid-19 treatment drugs, up to 31st December, 2021, namely-
2. Reduction of GST rate to 5% on more Covid-19 treatment drugs, up to 31st December, 2021, namely-
B. Major recommendations on GST rate changes in relation to Goods [w.e.f 1.10.2021 unless otherwise stated]
| S. No. | Description | From | To |
| GST rate changes | |||
| 1 | Retro fitment kits for vehicles used by the disabled | Appl. rate | 5% |
| 2 | Fortified Rice Kernels for schemes like ICDS etc. | 18% | 5% |
| 3 | Medicine Keytruda for treatment of cancer | 12% | 5% |
| 4 | Biodiesel supplied to OMCs for blending with Diesel | 12% | 5% |
| 5 | Ores and concentrates of metals such as iron, copper, aluminum, zinc and few others | 5% | 18% |
| 6 | Specified Renewable Energy Devices and parts | 5% | 12% |
| 7 | Cartons, boxes, bags, packing containers of paper etc. | 12%/18% | 18% |
| 8 | Waste and scrap of polyurethanes and other plastics | 5% | 18% |
| 9 | All kinds of pens | 12%/18% | 18% |
| 10 | Railway parts, locomotives & other goods in Chapter 86 | 12% | 18% |
| 11 | Miscellaneous goods of paper like cards, catalogue, printed material (Chapter 49 of tariff) | 12% | 18% |
| 12 | IGST on import of medicines for personal use, namely: i. Zolgensma for Spinal Muscular Atrophy ii. Viltepso for Duchenne Muscular Dystrophy iii. Other medicines used in treatment of muscular atrophy recommended by Ministry of Health and Family Welfare and Department of Pharmaceuticals. | 12% | Nil |
| 13 | IGST exemption on goods supplied at Indo-Bangladesh Border haats | Appl. rate | Nil |
| 14 | Unintended waste generated during the production of fish meal except for Fish Oil | Nil (for the period 1.7.2017 to 30.9.2019) | |
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