The GST Council’s 47th meeting was held in Chandigarh on June 28th and 29th, 2022 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 rate rationalization to remove inverted duty structure w.e.f. July 18, 2022:
|
S. No. |
Description | From | To | |
|
GOODS |
||||
|
1. |
Printing, writing or drawing ink | 12% | 18% | |
| 2. |
Knives with cutting blades, Paper knives, Pencil sharpeners and blades therefor, Spoons, forks, ladles, skimmers, cake-servers etc |
12% |
18% |
|
|
3. |
Power driven pumps primarily designed for handling water such as centrifugal pumps, deep tube-well turbine pumps, submersible pumps; Bicycle pumps |
12% | 18% | |
| 4. |
Machines for cleaning, sorting or grading, seed, grain pulses; Machinery used in milling industry or for the working of cereals etc; Pawan Chakki that is Air Based Atta Chakki; Wet grinder; |
5% |
18% |
|
|
5. |
Machines for cleaning, sorting or grading eggs, fruit or other agricultural produce and its parts, Milking machines and dairy machinery |
12% | 18% | |
| 6. |
LED Lamps, lights and fixture, their metal printed circuits board; |
12% |
18% |
|
|
7. |
Drawing and marking out instruments | 12% | 18% | |
| 8. | Solar Water Heater and system; | 5% |
12% |
|
|
9. |
Prepared/finished leather/chamois leather / composition leathers; |
5% |
12% |
|
|
10. |
Refund of accumulated ITC not to be allowed on flowing goods: (i) Edible oils (ii) Coal |
|||
|
|
Services | |||
| 11. | Services supplied by foreman to chit fund | 12% |
18% |
|
|
12. |
Job work in relation to processing of hides, skins and leather |
5% | 12% | |
| 13. |
Job work in relation to manufacture of leather goods and footwear |
5% |
12% |
|
|
14. |
Job work in relation to manufacture of clay bricks | 5% | 12% | |
| 15. |
Works contract for roads, bridges, railways, metro, effluent treatment plant, crematorium etc. |
12% |
18% |
|
|
16. |
Works contract supplied to central and state governments, local authorities for historical monuments, canals, dams, pipelines, plants for water supply, educational institutions, hospitals etc. & sub-contractor thereof |
12% | 18% | |
| 17. |
Works contract supplied to central and state governments, union territories & local authorities involving predominantly earthwork and sub-contracts thereof |
5% |
12% |
|
The Press release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1838020
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