India

GST Rates Updated For Select Products And Services: Full List Inside

Union Finance Minister Nirmala Sitharaman chaired pre-Budget consultations with the finance ministers of states and Union Territories, gathering their perspectives. This was followed by the 53rd meeting of the GST (Goods and Services Tax) Council.

The GST Council decided to exempt services related to hostel accommodation outside educational institutions up to ₹20,000 per person per month, provided the student has stayed in the hostel for at least 90 continuous days. This condition is intended to prevent hotels from exploiting the exemption.

Additionally, the Council exempted GST on the purchase of railway tickets and payments for waiting room and cloak room charges. Services such as battery-operated vehicles and intra-railway services will also not incur GST.

Also read: President Droupadi Murmu Helds Extensive Talks With Bangladesh Prime Minister Sheikh Hasina

The GST Council recommended waiving interest on penalties for tax demand notices and set a uniform GST rate of 12 percent on milk cans.

During the pre-Budget meeting, Minister Sitharaman emphasized the Centre’s commitment to supporting states through timely tax devolution and clearing GST compensation arrears to foster growth. She encouraged states to utilize the scheme offering a 50-year interest-free loan from the Centre for implementing specified reforms.

Kavya Bhatt

Recent Posts

Pakistan’s Digital Frontline: Jokes, Memes And Savage Self-Roasts

While tensions between India and Pakistan escalate post the tragic Pahalgam terror attack, something unexpected…

5 hours ago

Reliance Industries Q4 Net Profit Rises 6.4% As Retail And Digital Units Offset Energy Weakness

Reliance Industries delivered a strong Q4 FY25 performance, with Y-o-Y net profit rising 6.4% to…

5 hours ago

Yash Pratap Singh And Mehak Jaiswal Top UP Board Exams With Outstanding Scores

Yash Pratap Singh of Jalaun tops Class 10 with 97.83%, while Prayagraj’s Mehak Jaiswal secures…

5 hours ago

Yogi Adityanath Calls For Reforms To Make Madrasa Education Modern And Employment-Oriented

Chief Minister Yogi Adityanath on Friday emphasised the need for sweeping reforms in the madrasa…

6 hours ago

Tulsi Gabbard Backs India’s Hunt For Pahalgam Terror Attack Perpetrators

United States Director of National Intelligence (DNI) Tulsi Gabbard on Friday expressed strong support for…

7 hours ago

World Leaders Head To Rome For funeral Of Pope Francis

Indian President Droupadi Murmu will also attend, representing India alongside Union Minister Kiren Rijiju, Minister…

8 hours ago