Council approves increase of tax-rate on caffeinated drinks, exempts imported defence goods

Sep 20,2019

37th meeting of GST Council concludes today with a slew of measures announced with respect to rate rationalization in line with proposals; Council approves steep increase of tax rate on caffeinated drinks from 18% to 40% (28% GST plus 12% Cess); Further, FM Nirmala Sitharaman announces Council decision to cut rates on hotel where tariff rate is (i) > 7500 to 18%, (ii) <7500 to 12% and (iii) upto 1000 to Nil; GST rate on railway wagons, coaches increased to 12% from 5%: ...


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