The 48th Goods and Services Tax (GST) Council meeting chaired by the Finance Minister Nirmala Seetharaman held on 17th December 2022 via virtual mode in New Delhi made proposals on tax reduction into certain goods.
Husk of pulses (the outer layer of the grains which including chilka and concentrates including chuni/churi, khanda, and Ethanol sent to refineries for blending with motor spirit (petrol) are the two categories of goods where the tax rates are decreased, said the Revenue Secretary.
The GST Council recommends setting the GST rate for the first category of products, which includes concentrates like chuni/churi and husk of pulses like Chilka, at “Nil”. Husk Pulses previously had a 5% tax rate, however now there is no tax rate on such commodities.
Ethyl alcohol supplied to refineries for blending with motor spirit (Petrol) makes up the second group of commodities. The GST council recommended reducing it from 18% to 5%.
The meeting was also attended by Union Minister of State for Finance Shri Pankaj Choudhary besides Finance Ministers of States & Union Territories (with legislature) and senior officers of the Ministry of Finance & States/ Union Territories.
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