GST Council proposes to Amend Definition of Pre-Packaged and Labelled to Cover all Commodities Intended for Retail Sale: FM

The Union Finance Minister Nirmala Sitharaman chaired the 55th meeting of the GST Council today on 21-12-24 at Jaisalmer, Rajasthan. The council has proposed to amend the definition of pre-packaged and labelled to cover all commodities intended for retail sale.

This is definitely very important, as this decision includes all the commodities intended for retail sale, which will definitely boost the sales of the country.

With the help of this initiative, the amendment will affect bulk packages weighing more than 25 kg or 25 litres to make necessary declarations. It is to be noted that "pre-packaged commodity," as that term is defined in the Legal Metrology Act of 2009, section 2(l).

The amendment’s goal is to redefine "pre-packaged and labelled" to encompass all goods intended for retail sale, regardless of size or number. In order to provide transparency and help consumers make educated decisions, manufacturers, packers, and importers would be obliged to give thorough labelling on all pre-packaged goods meant for retail sale. Hopefully, this will contribute to the prosperity of the country.

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Other important decisions include that the lifesaving drugs will be fully exempt from GST and that the fresh green and black peppers, when supplied by the agriculturists, will be exempt from GST. Another significant update includes FM, who, while addressing the press, has informed that the International Atomic Energy (IAEA) samples will be exempt from Integrated Goods and Service Tax.

The 55th GST Council meeting portrays the government’s mission to make the GST system better and to strengthen its international commitments.

The press gathering was addressed by ADG PIB.

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