The fitment committee of the Goods and Services Tax (GST) Council has steered a reduce within the tax price on ostomy home equipment from 12% to five% and a uniform tax of 5% on orthopedic implants.
The panel, whose suggestions will likely be thought-about by the Council on June 28-29 in Chandigarh, additionally proposed to make clear that mango pulp attracts 12% GST not 5% and nepa stones 5%.
The fitment committee steered discount within the GST price on ostomy home equipment, utilized by sufferers affected by ulcerative colitis corresponding to pouch, flange wafer and stoma adhesive, to convey them at par with the concessional price of 5% for urine luggage.
To keep away from complexities concerned in taxing of orthopedic implants on the price of 5% or 12% on completely different gadgets, the council steered a uniform tax price of 5%. Currently, GST is levied on the price of 12% on splints, different fracture home equipment, synthetic elements of the physique and different home equipment that are worn or carried.
Currently, polished stone tiles appeal to 18% GST. However, Kota stone and ceramic stiles appeal to 5% GST. Andhra Pradesh had requested the council that minor polished stones cannot be handled with mirror polished stones which are a magnet for 18% GST and sought 5% GST on nepa stones, quite a lot of dimensional limestone. The fitment panel has really useful that nepa stones with out mirror sprucing needs to be taxed at 5%.
Source: www.financialexpress.com”
