CNBC-TV18: GST Council-nominated Fitment Committee has rejected several proposals of rate change

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Categories: Important News

As per the recent tweet of CNBC-TV18, Sources says the GST Council-nominated Fitment Committee rejects several proposals of rate change.

Fitment Committee Not In Favour To Reduce GST On:

  • APIs: from 18% to 12%
  • Metal scrap: from 18% to 5%
  • Natural sweetener (Stevia): from 18% to 5%
  • Oil used in divine lamps: from 12% to 5%

Fitment Committee not in favour to reduce GST on:

  • Ayush products
  • Rubber
  • Cotton
  • Recycled polyester
  • Engines for gensets
  • Air cooler
  • Ceiling fan
  • Electronic iron
  • Household Water filter
  • Pedestal fan
  • Solar boats ‘
  • Auto LPG conversion kits
  • Whole milk powder
  • Biodegradable garbage bags
  • Rubberised coir mattress
  • Yarn produced by NTC
  • PVC tufted coir mats
  • Newsprint
  • Tyres for agricultural use
  • Umbrella
  • Bakers yeast
  • Lithium ion batteries
  • Ropway projects
  • Energy storage battery

Fitment Committee not in favour of allowing ITC on sanitary napkins

Source from: https://twitter.com/CNBCTV18Live/status/1438464748345954312?s=08

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