The 48th Goods and Services Tax (GST) Council meeting chaired by the Finance Minister Nirmala Seetharaman held on 17th December 2022 via virtual mode in New Delhi made proposals on tax reduction into certain goods. Husk of pulses (the outer layer of the grains which including chilka and concentrates including chuni/churi, khanda, and Ethanol sent to refineries for blending with motor spirit (petrol) are the two categories of goods where the tax rates are decreased, said the Revenue Secretary.
Source Taxscan
Latest Posts in "India"
- GST on Dine-in, Takeaway, and Delivery App Orders: Rates, Compliance, and Reporting Differences
- Ensuring ITC Compliance: Mastering GSTR-2B Reconciliation and Audit Readiness for 2026
- India’s E-Invoicing Rules: Scope, Formats, Penalties, and Compliance Under the GST Framework
- Continuous Supply of Services Under GST: Legal Criteria Versus Commercial Practice Explained
- Tripura HC: ITC Cannot Be Denied to Bona Fide Purchaser for Supplier’s Tax Default
