- GST Rate Adjustments: Reduction of GST on Fortified Rice Kernel to 5% and full exemption on gene therapy.
- Exemptions and Clarifications: No GST on third-party motor vehicle premiums for Motor Vehicle Accident Fund and on penal charges by banks/NBFCs.
- Vouchers and Transactions: Simplification and clarification that vouchers are neither goods nor services, with no GST applicable.
- Appeal Process: Reduction in pre-deposit payment for filing appeals involving only penalty amounts.
- Trade Facilitation: Amendments to Schedule III of CGST Act, 2017, and measures to streamline compliance and clarify taxability issues.
Source Press Release: Press Information Bureau
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