The Goods and Service Tax (GST) Council in its 48th meeting has decided to reduce GST on husk of pulses including chilka and concentrates including chuni/churi, khanda from 5% to nil. GST on ethyl alcohol supplied to refineries for blending with motor spirit (petrol) was also cut down to 5% from 18%.
It was also decided that no GST is payable where the residential dwelling is rented to a registered person if it is rented it in his/her personal capacity for use as his/her own residence and on his own account and not on account of his business. The council further noted that incentive paid to banks by Central Government under the scheme for promotion of RuPay Debit Cards and low value BHIM-UPI transactions are in the nature of subsidy and thus not taxable.
Besides, the GST Council unveiled measures for facilitation of trade and measures for streamlining compliances in GST. The Council has recommended to raise the minimum threshold of tax amount for launching prosecution under GST from Rs one crore to Rs two crore, except for the offence of issuance of invoices without supply of goods or services or both.
