New Delhi: In a major step by the GST council, it exempted sanitary napkins from the Goods and Services Tax. Sanitary Napkins were taxed 12 percent under the GST regime which was introduced last year and it had attracted stiff opposition and criticism from various quarters.
The GST Council on Saturday met for the 28th time to discuss and deliberate for some necessary important changes in the year-old indirect tax system. The decision of keeping sanitary napkins exempt from GST means that there would be no input tax credit available, even though inputs in the production of sanitary napkins are taxed.
Other items exempted from the GST include deities made of stone, marbles or wood, raakhis without any precious metals, raw material used in brooms, commemorative coins circulated by the RBI or government, saal leaves and fortified milk. The GST council has also approved the filing of quarterly returns for taxpayers up to Rs 5 crore, though they can pay the GST every month.
A press release said that the Council simplified tax return form, not more than two pages, for the taxpayers with a turnover of more than Rs 1.5 crore.
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