Proposed changes to GST – exclusive details

By Priyanka Deshpande CNBC-TV18.com Published June 13, 2024

[{"selector":"#anim-aa40b58b-dae4-4417-8607-e97206973d82 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(7.320955668278689%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] GST Fitment Committee to meet ahead of GST Council meeting on June 22

[{"selector":"#anim-22b78bcc-91d5-442f-a989-1f8fbe5df822 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(15.837817663753217%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Oil Ministry proposes bringing jet fuel under GST, taxable at 5%

[{"selector":"#anim-6658d173-e62a-4fed-90a2-cba93505fef0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.251879397063114%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Oil Ministry proposes GST on natural gas at 12% or 18%

[{"selector":"#anim-0ea90956-5e05-4b0a-acb2-12a42b0f3f03 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Council may consider a review of GST on online gaming

[{"selector":"#anim-6f100a8b-e9d9-4d9a-b697-9332ab5c9532 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] About 14 items like textiles, leather, and pharmaceuticals have inverted duty structure i.e. imports are taxed more than exports

[{"selector":"#anim-41c60a94-d49c-4a0d-89e3-f07959e02eb2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Clarification likely on GST applicable on scrap metal and steel

[{"selector":"#anim-7573ebcb-e814-4f50-8aed-39c65b76f7e0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Clarification likely on GST paid on telecom services and spectrum

[{"selector":"#anim-739bd311-9e0e-4b18-81e5-8cbccad82583 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(9.540289010690389%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] GST clarification likely for foreign airlines and shipping lines

[{"selector":"#anim-535c3cfa-1512-4731-bc40-7c4ad9c8a54b","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Thanks For Reading! Instant flour mixes for dosa, idli, khaman cannot be classified as sattu; to attract 18% GST Read More