GST rate cut on pencil sharpener and wet jaggery, compensation cess to be paid to states


New Delhi: Finance Minister Nirmala Sitharaman on Saturday mentioned that the fee of excellent compensation cess of Rs 16,982 crore below GST (Items and Providers Tax) to the states will begin from at present. In different phrases, your entire arrears of GST compensation for June, totaling Rs 16,982 crore, can be paid. He mentioned that the GST Council has determined to cut back GST on moist jaggery, pencil sharpener and a few monitoring gadgets. Together with this, GST on tag monitoring gadgets or information loggers fitted on sturdy containers has been diminished from 18 per cent to nil topic to sure circumstances.

Addressing the media after the GST Council assembly, Finance Minister Nirmala Sitharaman mentioned that the GST charge of Raab is being diminished. If free rab is taken, then it is going to entice zero charge GST and whether it is pre-packaged and labelled, then it is going to entice 5% GST. The GST charge on pencil sharpeners has been diminished from 18 per cent to 12 per cent.

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