49th GST Council Meeting: Clarification on GST rate changes and Exemptions


The GST Council’s 49th meeting was held in Delhi on February 18, 2023, under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made the following recommendations to clarify the GST rates:

  • It has been decided that no separate IGST shall be levied on tag-tracking or data logger devices in case where such devices are already affixed on the container.
  • It has been decided to amend the entry at Sl. No. 41A of Notification No. 1/2017-Compensation Cess (Rate) so that the exemption benefit covers both

a) coal rejects supplied to and

b) by a coal washery,

arising out of coal on which compensation cess has been paid and no input tax credit thereof has been availed by any person.

  • It has been decided to extend the exemption available to educational institutions and Central and State educational boards for the conduct of entrance examination to any authority, board or a body set up by the Central Government or State Government including the National Testing Agency for the conduct of entrance examination for admission to educational institutions.

The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1900376


Your Thoughts