FinMin notifies changes in GST rates for pencil sharpeners, jaggery and examination institutions

Finance Ministry has notified changes in the GST system for pencil sharpeners, jaggery and examination institutions, as recommended by GST Council in its meeting on February 18. A notification dated February 28 says the GST rate on pencil sharpeners will be 12 per cent from March 1. Earlier, it was 18 per cent. This issue became contentious after the Authority for Advance Ruling (AAR) ruling, and…