GST Revised Rates On Pencil Sharpener Jaggery New Tax Rates Effective From Today March 1 Check Revised GST Rates

GST Revised Rates: Finance Minister Nirmala Sitharaman had announced changes in GST rates on many types of goods in the 49th meeting of the GST Council on 18 February. In these goods, the GST rate was changed from stationery items to examination institutes and food items. These changed rates have come into effect from today and from today, March 1, you will have to pay the changed tax on these products.

GST changed on these products and services from today

The GST Council has reduced tax on certain services apart from products like Raab (liquid jaggery) and pencil sharpener.

pencil sharpeners

According to the notification of the Ministry of Finance, from today GST has been implemented on pencil sharpeners at the rate of 12% instead of 18% and due to this pencil sharpeners have become cheaper.

liquid jaggery

GST on Raab (Liquid Jaggery) has been removed. If it is sold loose or in retail, then zero percent tax has been applied on it. On the other hand, if there is packaged and labeled jaggery, then 5 percent GST has been implemented on it from today.

tag tracking devices

If tag tracking devices or data loggers are already fixed on a container, no separate IGST can be levied on it. At the same time, zero IGST is being implemented on such containers as well.

GST exemption on annual return filing

On behalf of the Central Government, the Ministry of Finance has also reduced the late fees for late filing for people filing annual returns under GSTR-9 form. From 2022-23 onwards, the late fee has been reduced to Rs 100 per day for those with a total turnover of up to Rs 20 crore in any one financial year. At the same time, late fee of Rs 50 per day has been fixed for businessmen with turnover up to Rs 5 crore. In either case, the maximum GST cannot exceed 0.04 per cent of the turnover.

Changes in GST on exam institutes

Apart from this, the announcement of changes in GST for the institutions conducting the exam was also made after the meeting of the GST Council.

read this also

Manufacturing PMI: Slight decline in manufacturing PMI in February, manufacturing activities slowest in 4 months

Harry Styles called Emily Ratajkowski his celeb crush years before fling

Harry Styles fans are convinced he “manifested” his steamy kiss with Emily Ratajkowski. In a resurfaced video from eight years ...
Read More

DC vs MI WPL 2023 Final Live Harmanpreet Kaur, Nate Sciver-Brunt Lead Mumbai Indians To Win WPL Season 1

WPL 2023 Final: Mumbai Indians have won the title of the first season of the Women's Premier League. Harmanpreet Kaur's ...
Read More

Julia Fox supports Emily Ratajkowski, Harry Styles fling

Julia Fox is living for Emily Ratajkowski’s single girl era. The “Uncut Gems” star commented on a Page Six Instagram ...
Read More

BCCI Announces Annual Player Retainership 2022-23 – Team India Know Details Here

BCCI Annual Contract List: BCCI has announced the annual contract of the players for the year 2022-23. Apart from Indian ...
Read More

Rohit Sharma and Sachin Tendulkar went to support Mumbai Indians women in WPL 2023 final against Delhi Capitals

Mumbai Indians Women Supporters: The final match of the Women's Premier League was played between Mumbai Indians and Delhi Capitals ...
Read More

Harmanpreet Kaur’s statement after Mumbai Indians women’s team won the WPL 2023 trophy

Statement of Harmanpreet Kaur: The final match of the first season of the Women's Premier League (WPL) was played on ...
Read More

WPL 2023: Mumbai Indians became the winner of the first season of Women’s IPL, know who got which award, prize money and everything

WPL 2023 Final:The final match of the Women's Premier League was played between Delhi Capitals and Mumbai Indians on 26 ...
Read More

April Fools Day 2023 History Meaning Interesting Facts Why It Is Celebrated Memes Social Media

April Fool's Day 2023: As the month of March ends and the month of April arrives, 'April Fool's Day' (April ...
Read More

WPL 2023 MI W won the first final against DC-W by 7 wickets at Brabourne Stadium

MI-W vs DC-W: The final match of the first edition of the Women's Premier League (WPL) was played between Delhi ...
Read More

IPL 2023 players can try at number 3 in the absence of Rajat Patidar, know details

IPL 2023: Rajat Patidar of Royal Challengers Bangalore may miss some matches of IPL due to ankle injury. Although official ...
Read More

Leave a Comment