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Wipro 401.70↑7.60(1.93%)

Labelling of millet-based health products to dictate 5% or nil GST

Issue of tax treatment of MUVs may be deferred at Feb 18 GST Council meet

Shrimi Choudhary New Delhi

Premium

Another GoM on capacity-based taxation will also be tabled at the Council meeting, according to the agenda

4 min read Last Updated : Feb 17 2023 | 12:04 AM IST

The all-powerful Goods and Services Tax (GST) Council, scheduled to meet on Saturday, will take up changes to tax rates on some items, including millet-based health mix. A committee of officials has recommended a revision, according to the agenda document reviewed by Business Standard.

However, the GST Council may defer the issue of tax treatment of multi-utility vehicles (MUVs), whether they would be taxed on a par with sport utility vehicles (SUVs) that currently attract a 22 per cent compensation cess.

The fitment panel, which comprises tax officers from the Centre and states, recommended a reduction of rates on millet-based health products, from the current 18 per cent to nil or 5 per cent (depending on packaging).