A list of more items have now come under the purview of the Goods and Service Tax as the GST panel headed by Union finance minister Nirmala Sitharaman approved the recommendation of the Group of ministers from states on withdrawing exemptions in order to rationalise the levy.
Check products that will attract GST now:
Products to attract GST if they are labelled food items include, pre-packed and labelled meat (except frozen), fish, curd, honey, dried leguminous vegetable, dried makhana, wheat and other cereals, wheat or meslin flour, jaggery and puffed rice, according to the news agency PTI report.
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While organic manure and coir pith compost will not be exempted from GST. Also, 18 per cent GST will be levied on the fee charged by banks for the issue of cheques (loose or in book form). Maps and charts including atlases will also attract a 12 per cent levy. Goods that are unpacked, unlabelled and unbranded will continue to remain exempt from GST.
A 12 per cent tax on hotel rooms below Rs 1,000 per day will be levied, as against a tax exemption currently. The GST Council also suggested a correction in the inverted duty structure for items, including edible oil, coal, LED lamps, printing/drawing ink, finished leather and solar water heater.
With regard to e-way bill on intra-state movement of gold, gold jewellery and precious stones to check evasion, the Council recommended that states can decide on the threshold above which the electronic bill is to be made mandatory. A panel of state ministers had recommended the threshold to be Rs 2 lakh and above.