GST Council decides to cut tax on ethyl alcohol

The Goods and Services Tax (GST) Council has recommended that the rate of GST on ethyl alcohol supplied to refineries for blending with petrol be reduced to 5 percent from the existing 18 percent rate.

According to an official release, the GST Council has recommended reducing the GST rate on ‘husk of pulses including chilka and concentrates including chuni/churi, khanda’ from 5 percent to nil.

GST Council is the highest decision making body of the one-nation, one-tax Goods and Services Tax (GST) regime. It is headed by the Union Finance Minister and all states and UT are represented in the body.