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).
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