By – Aditi Gupta
The GST has been eliminated from services like purchasing platform tickets at train stations and lodging in dorms. These services will no longer be subject to GST. This information was given on Saturday by Nirmala Sitharaman, the Finance Minister. She provided a report on the decisions taken during Saturday’s GST Council meeting.
A major choice about the services that the Railways offer to the general public has been made by the GST Council. Facilities like the usage of battery-operated vehicles, waiting rooms, clock rooms, and hostels are exempt from GST, aside from the purchase of platform tickets at the railroad station. These amenities will no longer be subject to GST. GST shall not be imposed even when hostel amenities are provided. If a person lives in a hostel operated by a specific society for ninety days erect, there won’t be any GST to pay. This information was given on Saturday by Nirmala Sitharaman, the Finance Minister. The GST Council has suggested a financial cap of Rs 20 lakh for the GST Appellate Tribunal and Rs 1 crore for the High Court in order to lower government litigation.
Union Finance Minister Nirmala Sitharaman declared following the 53rd GST Council meeting: “The Council has recommended a uniform GST rate of 12% on all milk cans.” This implies that all steel, iron, and aluminum cans used as milk cans will be subject to the new prices. In addition, the Council has suggested that all carton boxes, corrugated and non-corrugated paper, and paper board be subject to a single 12% GST charge. Jammu and Kashmir’s and Himachal Pradesh’s apple growers will especially profit from this decision. The Finance Minister claims that the Council has additionally clarified and suggested that 12% GST be applied to all kinds of sprinklers, including fire water sprinklers.
The maximum pre-deposit amount for submitting an appeal before the Appellate Authority has been suggested by the Council to be lowered from Rs 25 crore CGST and Rs 25 crore SGST to Rs 20 crore CGST and Rs 20 SGST. This is the highest pre-deposit amount required to be paid with an appeal to the Appellate Authority. The Council has also resolved to modify the CGST Act’s provisions and suggested that the government notify the public a year in advance of the start of the three-month appeals term in the GST Appellate Tribunal. The Minister of Finance has announced that the Chairman of the Tribunal has assumed control.
Samrat Choudhary, the deputy chief minister of Bihar, has been appointed as the chairman of the Group on Rate Rationalization (GoM) by Union Finance Minister Nirmala Sitharaman following the 53rd GST Council meeting. Samrat Choudhary will give a status update on the work done on this at the following meeting. The process of rationalizing the rates will then begin. The Finance Minister stated that the GSTR 4 filing date has been extended to June 30 in order to assist small taxpayers. The ability to modify GSTR 1 has been granted. The GSTR 1 A form will be substituted with a new one.