Highlights from the 50th GST Council Meeting

● 28% GST on full face value for online gaming, casinos and horse racing to be
implemented after a GST law amendment.
● GST rates are regularised for five items: Trauma Panthera Implantation and raw
as well as kala cotton, for instance, are items clarified as taxable by
regularisation for the past periods. It means those who have not paid GST in the
past for these items may not be recovered for the shortfall.
● GST rate reduced on the following goods: Uncooked/unfried food pallets from
18% to 5%, fish and soluble paste from 18% to 5%, Imitation zari threads from
12% to 5% and LD slag from 18% to 5%.
● Bulk sales of chewing tobacco will be taxed under the pre-RSP structure.
● Exemptions are provided for cancer-related drugs, medicines for rare diseases
and food products that have special medical purposes.
● GoM recommended establishing GST appellate tribunals in various locations of
states/UT.
● Compensation has been released for States that have submitted the AG
certifications. A few states which have not submitted will get the pending
compensation once they submit the same.
● The GST law will be aligned with the New trade policy by the Commerce Ministry