The 52nd Goods and Services Tax (GST) Council has convened today, on 07-10-2023 where the constitution of the GST Appellate Tribunal (GSTAT) and taxation of many goods and services have been discussed. However, no decision with respect to taxation of Online Gaming was taken.
Amendments to the constitution of the members of the GSTAT with respect to Judicial members and Lawyers who get appointed have been amended.
Maximum age of tenure has been increased to 70 for President whereas the same was 67 earlier and that of members to 67 which was earlier 65.
A Minimum age was not specified earlier. 50 years for both president and member Advocate – minimum experience of 10 years to be judicial member
With respect to Goods, as an attempt to aid in promotion of millets, the food preparations of Millet Flour in Powder for with at least 70% millets (HS 1901 only) by weight being blended with any other flour without branding (sold loose) will be exempt from GST levy. However, 5% GST will be applicable for prepackaged and labeled food preparations containing millets of the adobe description.
The 52nd GST Council meeting approved exemption of both Grain and molasses Extra Neutral Alcohol used to manufacture Alcoholic Liquors from GST. Despite being allowed by Allahabad HC to tax, the Central Govt exempted the same from GST, however, the states are still competent to tax the same.
The 52nd GST Council also approved the Amnesty Scheme for appeal filing till January 2024 subject to additional Pre-Deposit of 2.5% provided that the amount shall be paid through electronic cash ledger.
The Job work for processing of barley into mold irrespective of supply, will attract only 5%, the GST Council Meeting further clarified.
The Council has also confirmed the GST Exemption for sanitation, water supply, public health, conservancy, solid waste management, slum improvement and upgradation by Govt Authorities.
District Mineral Foundation Trust (DMFT) is a Government Authority, for tax purposes, the council clarified.
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