Sources told ET NOW that the GST Council has approved a set of major structural reforms at its 57th meeting. Key decisions reported:
- Proposal to take away arresting powers from officials approved.
- ITC approved on employee health and life insurance.
- GST on unregistered delivery services by riders reduced from 18% to 5%.
- ITC on telecom towers and pipelines outside the factory approved.
- ITC benefits extended on outdoor catering.
- 5% GST approved on retreaded tractor tyres.
- ITC approved on free samples and goods destroyed on expiry.
- FMCG and pharmaceutical sectors expected to benefit.
- Rs 10,000 floor approved for show-cause notices.
Source from: ET NOW (X post)
