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Twarit Sukh: GST Council likely to mull rate reduction for more than 30 goods
The GST Council had earlier argued against exempting sanitary napkins citing blockage of input tax credit (ITC) to manufacturers, making it unviable against imports. However, the fitment committee is believed to have agreed to exempt the status as the product is an essential item for health and hygiene.
Among handicraft items, the rate for handmade carpet, lace and tapestries has been recommended to be reduced to 5% from 12%. Additionally, artware made of brass, copper, glass, stone, glass statues and ornamental framed mirrors may attract 12% from 18% currently, officials said.
Among handicraft items, the rate for handmade carpet, lace and tapestries has been recommended to be reduced to 5% from 12%. Additionally, artware made of brass, copper, glass, stone, glass statues and ornamental framed mirrors may attract 12% from 18% currently, officials said.
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