Parul
No tax increase on any item was decided at the GST Council meeting on Saturday. Meanwhile, the Council recommended reducing GST on biofuel from 18 per cent to 5 per cent.
The GST Council has made recommendations relating to changes in GST tax rates, measures for the facilitation of trade and measures for streamlining compliances in GST.
As per the Council recommendations, GST on the husk of pulses was reduced to nil from five per cent.
Besides, the Council also recommended a reduction of GST on Ethyl alcohol or biofuel supplied to refineries for blending with motor spirit (petrol) to five per cent from the current 18 per cent.
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Officials said that GST on online gaming and casinos was not discussed as the report of GoM on the issue submitted its report only a couple of days back. The report of the GoM was not even circulated to GST Council members, said an official.
The GST council decided to clarify that goods falling in the lower rate category of 5 per cent under schedule I of notification No. 1/2017-CTR imported for petroleum operations will attract a lower rate of 5 per cent and the rate of 12 per cent shall be applicable only if the general rate is more than 12 per cent.
It also clarified that no GST is payable where the residential dwelling is rented to a registered person if it is rented in his/her capacity for use as his/her residence and on his account and not on account of his business.
