The GST Council has cleared all the pending rules related to transition provisions and returns.
Gold, Gems, Jewellery to be taxed at 3 percent
GST on apparel below Rs 1,000 fixed at 5 percent
GST on all biscuits to be 18%
Readymade garments to attract 12% GST; Yarn and fabric cotton 5 per cent
Footwear priced below Rs 500 to be taxed at 5%, the rest at 18%
Bidi to be taxed at 28% without cess. However Beedis are still under discussion, no proposal of cess for beedis
A nominal rate of 0.25 imposed on rough diamond
GST Council will set up committee to look into complaints regarding anti-profiteering clause.
Next GST Council Meeting is on 11/6 .
Chamber of Trade & Industry ( CTI ).
