What’s cheap, what’s expensive? View the list of goods and services whose GST rates have been updated

New Delhi: The Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman, on Friday (September 17) announced that it has approved several proposals put forward by the fitment committee.

The meeting held in Lucknow, Uttar Pradesh was the 45th meeting of the GST Council and the first in-person meeting in almost two years.

At a press conference, Sitharaman said the council discussed GST on petrol issue only because the Kerala High Court had asked it to do so, but felt it was the right time to include petroleum products under GST. Not there.

Some of the major decisions taken by the GST Council are as follows:

The GST Council has increased the rate on carbonated fruit drinks to 28% and compensation of 12%. This brings carbonated fruit drinks on par with cola drinks.

The GST Council has refused to accept the proposal to include petrol and diesel under the GST regime. Saket Patwari, Executive Director – Indirect Taxes, NexDigm, said it is not surprising that states have unanimously voted to keep petroleum products out of the purview of GST, as it could have a huge impact on their revenues.

However, in positive news, the council has decided to reduce the GST on biodiesel supplied to Oil Marketing Companies (OMCs) for blending with diesel to 5% from the existing rate of 12%.

The council has extended concessions on 11 COVID-19 drugs from 30 September 2021 to 31 December. Anti-coagulants such as amphotericin B, tocilizumab, remdesivir and heparin are some of the drugs on the list.

GST on drugs such as etolizumab, posaconazole, infliximab, favipiravir, casirivimab and imdevimab, 2-deoxy-D-glucose and bamalanivimab and atacevimab has been reduced from 12% to 5% as on December 31, 2021.

The GST Council has increased the rate of GST on other metals including iron, manganese, copper, nickel, cobalt, aluminum, lead, zinc, tin and chromium from the existing 5% to 18%.

GST on cancer treatment drug Keytruda has been reduced from existing 12% to 5%.

The council also accepted the proposal to bring all types of pens under 18% GST rate.

Henna power used for dyeing and coloring hair will now attract 5% GST.

18% GST will now be applicable on the purchase of paper sacks, cartons, boxes, bags etc.

Online food delivery service Swiggy and Zomato will now have to pay Goods and Service Tax to the government. This means that from now on your food delivery will become expensive.

Retro fitment kits for vehicles used by disabled will now attract 5% GST.

GST on fortified rice kernel has been reduced from 18% to 5% for schemes like ICDS.

– Specified renewable energy equipment and parts will not attract 12% GST at the rate of previous 5%.

In Chapter 86, the purchase of railway parts, locomotives and other goods will become costlier as it attracts 18% GST.

IGST on import of drugs such as Zolgensma, Viltepso and other drugs used in the treatment of muscular atrophy for personal use will now be reduced to 0%.

IGST exemption has been given on goods like border caps supplied in India-Bangladesh.

Aromatic sweet betel nut and flavored and coated cardamom will now attract 18% GST.

– Now 5% GST will be applicable on tamarind seeds.

All pharmaceutical goods falling under heading 3006 will now attract GST at the rate of 12%. Read also: Bengaluru Metro Updates: BMRCL extends train service timings from today, check details here

Manufactured ice cream sold by ice cream parlors will now attract 18% GST. Read also: PAN-Aadhaar linkage deadline extended, here’s how to do it

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