At present, digital camera and bio-diesel vehicles come under 28 per cent GST rates while irrigation equipments come at 18 per cent GST.
The GST Council in its next meeting on January 18 in New Delhi likely to decide to relax the tax slab. According to the Zee Media sources, the apex decision making body of the new indirect tax system—may relax tax slabs on digital camera, irrigation equipments and bio-diesel vehicles.
At present, digital camera and bio-diesel vehicles come under 28 per cent GST rates while irrigation equipments come at 18 per cent GST.
According to the report citing sources, it said that the finance minstry has identified 6 irrigation equipments including pump set and pump pipes.
Meanwhile, Gujarat Chamber of Commerce and Industry (GCCI), Gujarat’s apex body for trade and industry, on Saturday said that in just three days it got complaints that Rs 295 crore worth of tax refund under Goods and Services Tax (GST) has not been given to the small exporters since July. This has created a severe crisis of liquidity and if not corrected, it will threaten the very existence of the units.
GCCI had recently complained to the state and central governments that exporters have not been refunded GST since July.
Exporters are entitled to claim the refund (in form of integrated GST or IGST) for the tax they have paid while buying the raw materials for production. The government asked GCCI to provide details of the pending refund claims. GCCI had asked all the exporters to submit the details of the pending refunds. “In just three days, we got claims worth Rs 275 crore. More details are pouring in,” GCCI president Shailesh Patwari told DNA.
Patwari said that against the previous promise of the government to provide refund in seven days, exporters are starving for refunds for the tax paid in July. “Their ability to serve fresh contracts are being severely compromised with so much money blocked. Reputation of India in global market is at stake. All these companies are SMEs and none are corporates. If things don’t improve, the very existence of small and medium size companies will be threatened,” said Patwari.
He also said that BJP got a benefit of doubt in the recent elections to the Legislative Assembly of Gujarat, but that may not be the case in 2019 elections if the government do not initiate course correction measures.
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 "GST council meet on Jan 18: digital camera, bio-diesel vehicles likely to get cheaper")
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