To reduce the GST rate on the Fortified Rice Kernel (FRK), classifiable under 1904, to 5%.

  • 23 Dec 2024
  • Team Edukating
  • 737

To reduce the GST rate on the Fortified Rice Kernel (FRK), classifiable under 1904, to 5%. 

To exempt GST on gene therapy.

To extend IGST exemption to systems, sub-systems, equipment, parts, sub-parts, tools, test equipment, software meant assembly/manufacture of LRSAM system under Notification 19/2019-Customs.

To reduce the rate of Compensation Cess to 0.1% on supplies to merchant exporters at par with the GST rate on such supplies.

To exempt from IGST imports of all equipment and consumable samples by the Inspection Team of the International Atomic Energy Agency (IAEA) subject to specified conditions.

To extend the concessional 5% GST rate on food inputs of food preparations under HSN 19 or 21 that are supplied for food preparations intended for free distribution to economically weaker sections under a government program subject to the existing conditions.

Source : https://www.pib.gov.in/PressReleasePage.aspx?PRID=2086873

whatsup