GST Council Meeting Updates (June 28, 2022)

Tax Rates revision approved
Witdrawal of exemption on services by department of posts except post cards, envelopes less than 10 gm
Increase in GST on e-waste from 5% to 18%
Withdrawal of exemption to services provided by RBI, Sebi, IRDAI, FSSAI
Hotel accommodation below Rs 1,000 be taxed at 12%
Withdrawal on GST exemption on storage and warehousing of taxable goods like sugar, natural fiber
Withdrawal of exemption on services like fumigation of warehouses
Withdrawal of exemption to business class air travel for northeastern states
Withdrawal of exemptions on road and rail transport, when such services are input for business
Withdrawal of exemption on services by way of slaughtering of animals
Input tax credit Refund on account of inverted duty structure in edible oils, coal disallowed.
GST Council approves to replace the term ‘branded’ with ‘pre packaged and labelled’ for retail sale to avoid disputes. (Branded cereals, food attract 5% GST currently)
Exemption for food items, cereals sold loose or unlabeled continued.
Tax increased LED lamps, ink, knives, blades, power driven pumps, dairy machinery from 12% to 18%
Tax increased on milling machinery for cereals from 5% to 18%
Tax increased on solar water heater, finished leather from 5% to 12%
Tax increased on work contract services supplied to govt, local authorities to 18% to correct inversion
Tax increased on specified goods for petroleum from 5% to 12% on input goods to correct inversion

Exemption Rate