Top Decisions Made in the Latest GST Meeting under Nirmala Sitharaman

Nirmala Sitharaman, who took charge as the Union Finance Minister for the second time in the third phase of the Modi government, recently organized the 53rd GST Council meeting. Here are some key decisions announced:

  • GST will no longer be levied on Indian Railway platform tickets, retiring room facilities, waiting rooms, clock room services, battery-operated car services in the station, and inter-railway supplies.
  • An exemption of Rs.20,000 per person per month was granted for services provided in hostels outside educational institutions for students or the working class, with a minimum stay of 90 days.
  • GST on all carton boxes and paper boards was recommended to be reduced from 18% to 12%, which will benefit orchard growers and the industry.
  • 12% GST will be imposed on solar cookers, milk cartons, steel, iron, and aluminium cartons, and all types of sprinklers, including fire water sprinklers.
  • Biometric-based Aadhaar authentication has been introduced to counter fraudulent input tax credit claims made through fake invoices.
  • It is recommended that monetary limits for filing appeals before the GST Appellate Tribunal, High Court, and Supreme Court be fixed.
  • A group of ministers constituted to rationalize rates is considering exempting the fertilizer industry from the existing 5% GST.