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GST Council meet: Sanitary napkins exempted, tax returns simplified and other highlights

The GST Council which met on 21 July 2018 for the 28th time to discuss and decide necessary changes in the new indirect tax regime, exempted sanitary napkins from GST Delhi finance minister Manish Sisodia told the press.

This exemption is a proactive response to criticism for its earlier 12% tax on sanitary napkins.

 The tax on bamboo also has been slashed to 12%, media report notes.

It is also said that a new simplified filing system will also be brought it so as to enable businesses easy compliance.

As it is, the GST collection had hit Rs 1 trillion-mark in April, followed by Rs 94,016 crore in May and Rs 95,610 crore in June.

The move of the council is seen as an effective initiative in the direction of simplifying the return filing process. In fact, this simplification process, industry chamber CII has observed, will increase the compliance rate and add to revenue buoyancy.

Going forward, Bihar Deputy Chief Minister Sushil Kumar Modi   has said that the GST slabs can be reduced to three from five at present in coming days for the convenience of consumers and businesses.

Another crucial issue on the agenda, it is said, was the issue of sugar cess. Group of Ministers (GoM), it is reported, is not in favour since it would prove detrimental to some states.

 

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