You are here
Home > Central News > GST Council receives requests for changes in tax rates on 133 different products

GST Council receives requests for changes in tax rates on 133 different products

From helmets to granite slabs, hybrid cars to namkeen, the GST Council, the highest policy making body on Goods and Services Tax, is flooded with requests for tweaking tax rates on as many as 133 different products from an array of stakeholders.

These include slashing GST on IT products to 12 per cent from 18 per cent as it provides huge employment to skilled persons. On IT hardware, a tax cut from 28 per cent to 18 per cent has been sought.
GST on helmets has been demanded from 18 per cent to 5 per cent, on textiles to nil from 5 per cent, on tractors to 5 per cent from 12 per cent and on granite slabs to 18 per cent from 28 per cent currently.
On motor cycles with engine capacity of more than 350 cc and up to 500 cc, the 3 per cent cess on top of 28 per cent tax rate has been sought to be removed as such vehicles are used for commuting. Also, only Royal Enfield makes vehicles of 350 cc and above and fulfils the ambition of Make in India.

A demand has been made to reduce cess on hybrid cars to 3 per cent from 15 per cent currently. The cess is levied on top of the total tax rate of 28 per cent. The reason behind the demand is that these cars are environment-friendly and are required to be encouraged.

Sources said GST Council refers some of the tax change requests to the fitment committee to see if there is any merit in the demands and upon recommendation of the committee takes up for approval any changes.

Similar Articles

Leave a Reply

Top