GST Slab: The GST Council is preparing to remove many items from the scope of tax. It is reported that preparations are being made to further expand the scope of the zero tax slab. This means that in the coming time there will be more items on which no GST will be levied.
Let us tell you that this step is being taken with the aim of giving relief to the common people from inflation and making the things of daily need cheaper. Especially food products, medicines and essential household items are likely to be included in this scope.
What is the detail
According to a report in Business Today, the Goods and Services Tax (GST) Council may expand the scope of the zero tax slab and impose zero duty on several essential products from 5% and 18%. If this happens, everyday food items like UHT milk, pre-packaged paneer (chhena), pizza bread, khakhra, chapati and roti will no longer be subject to GST in the future. Similarly, parathas and parotas (which were earlier taxed at 18%) have also been brought under zero rate as per the proposals of the Group of Ministers on rationalisation of rates.
There will be no tax on these items as well
Education-related items are also a major beneficiary. The council will make maps, hydrographic charts, atlases, wall maps, globes, printed education charts, pencil sharpeners, all types of pencils (including crayons, pastels, tailor’s chalk and drawing charcoal) as well as exercise books, graph books and laboratory notebooks exempt from the 12% rate and make it zero tax.
The move reflects the government’s broader effort to rationalise the indirect tax structure by reducing the number of slabs and resolving classification disputes, the report quoted officials as saying. The extension of the zero rate is expected to provide substantial relief to families and students, while also making the system simpler and more transparent.
Check this list too
Possible items that may come under ‘Zero GST Slab’-
- ‘Daily food items’ such as UHT milk, pre-packaged paneer (chains), pizza bread, khakhra, chapati, roti etc. which are everyday food items may not be subject to GST.
- Butter, condensed milk, jams, mushrooms, dates, nuts, namkeen etc – these currently attract 12% GST, but the filtering committee has suggested that they be put in the zero slab instead of 5%.
