- The 50th meeting of the GST Council was held on July 11, 2023, in New Delhi under the chairpersonship of Smt. Nirmala Sitharaman.
- The council released a short video film titled ‘GST Council- 50 steps towards a journey’ to mark the occasion.
- The council made recommendations regarding changes in GST tax rates, trade facilitation measures, and streamlining compliances in GST.
- These recommendations include reducing the rate on uncooked/unfried snack pellets to 5%, exempting IGST on certain medicines and food for special medical purposes, reducing GST rate on imitation zari thread or yarn, reducing GST rate on LD slag from 18% to 5%, and regularizing issues related to GST on plates and cups made of areca leaves.
Source a2ztaxcorp
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