The GST Council on June 22, 2024, notified the changes in GST tax rates, measures for facilitation of trade and measures for streamlining compliances in GST.
The following recommendations have been stated:
• A uniform rate of 5% IGST will apply to imports of ‘Parts, components, testing equipment, tools and tool-kits of aircrafts, irrespective of their HS classification to provide a fillip to MRO activities subject to specified conditions.
• All milk cans (of steel, iron and aluminium) irrespective of their use will attract 12% GST.
• GST rate on ‘cartons, boxes and cases of both corrugated and non-corrugated paper or paper-board’ (HS 4819 10; 4819 20) to be reduced from 18% to 12%.
• All solar cookers whether single or dual energy source, will attract 12% GST.
• To amend existing entry covering Poultry keeping Machinery attracting 12% GST to specifically incorporate “parts of Poultry keeping Machinery” and to regularise past practice on an ‘as is where is’ basis in view of genuine interpretational issues.
• To clarify that all types of sprinklers including fire water sprinklers will attract 12% GST and to regularize the past practice on an ‘as is where is’ basis in view of genuine interpretational issues.
• To extend IGST exemption on imports of specified items for defence forces for a further period of five years till June 30, 2029.
