GST Council Meeting: The 52nd meeting of the GST Council was held today under the leadership of Finance Minister of the Government of India, Nirmala Sitharaman. Many important decisions have been taken in this which can directly or indirectly affect most of the country’s population. Under this council meeting, information has been received that now 5% tax will be charged on roti made from millets. Apart from this, the GST (Goods and Services Tax) rate on molasses has been reduced from 18% to 5%. Along with this, Extra-Neutral Alcohol (ENA) used for manufacturing alcoholic liquor has been kept out of the scope of GST. Information about the total collection of GST has also been given in the 52nd meeting of the Council, under which Rs 1.63 lakh crore has been collected from it in September 2023. Earlier in August 2023, the government had collected Rs 1.59 lakh crore from GST.
IGST on cruise ships removed
The Finance Ministry of the Government of India has decided to remove IGST on cruise ships to promote tourism. Let us tell you that earlier the government used to collect tax at the rate of up to 5 percent on cruise ships. This affected tourism. Now, in order to promote this, the government has taken it out of the scope of IGST.
Important decisions taken in GST Council meeting
Many important decisions have been taken in the 52nd meeting of the GST (Goods and Services Tax) Council. Under this, exemption has been announced on Extra-Neutral Alcohol (ENA) used for the manufacture of alcoholic liquor. Apart from this, it has been decided to charge 18% GST on industrial use of extra neutral alcohol. Whereas regarding unbranded flour containing 70% millets, it has been decided that GST will not be levied on it and also the GST on branded flour containing millets has been reduced from 18% to 5%. At the same time, GST on molasses has also been reduced from 28% to 5%.
It is worth noting that during the G20 summit, the government had used a variety of dishes made from millets for foreign guests. Now in the council meeting, the exemption being given on this is being linked to G20.
Government’s total collection from GST
In this 52nd council meeting organized by the government, information regarding the total collection of GST was also revealed. Under this, the government has collected a total of Rs 1.63 lakh crore from GST in September 2023. Earlier in August, the government had collected Rs 1.59 lakh crore from GST and in July, it had collected Rs 1.65 lakh crore from GST. According to the data, this time for the 7th consecutive time the collection of GST by the Government of India has been above Rs 1.5 lakh crore.
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