Economy

Feminine hygiene now tax-free in India; sanitary napkins out of GST net

Feminine hygiene now tax-free in India; sanitary napkins out of GST net

Unlike cement, sanitary napkins, which have been exempt from GST, are not intermediate products. There had been a widespread demand for making sanitary napkins tax-free.

The next GST Council meeting will be held on August 4. In an interview to Bhasha, Modi, who also heads the high-level minister panel on GST, said that there are five slabs in GST and "there is an intention to reduce it to three slabs but it will take some time" as it is related to states' revenue. He was given the additional charge of the Finance Ministry after Arun Jaitley was admitted to AIIMS for a kidney transplant.

The GST Council on Saturday approved the new return formats and associated changes in law - a move that will simplify the tax filing process.

However, the tax cut will lead to higher sales which could offset revenue losses, Mani added.

Modi said that average revenue from GST is approximately Rs 95,000 crore and in such situation rates are being reduced, which is leading to reduction in price of many consumer items and benefitting the middle class.

So when the government branded tampons and sanitary pads a luxury item, with a 12% tax, it sparked an immediate campaign to get the measure revoked, including court challenges and petitions - one of which got more than 400,000 signatures. "This will make domestically manufactured sanitary napkins at a huge disadvantage vis-à-vis imports, which will be zero-rated".

More news: British PM Theresa May welcomes US President Trump with reception dinner

"Sanitary napkins exempted from GST", Goyal said.

Bollywood's first film on menstrual hygiene "Padman", starring Akshay Kumar - one of Hindi cinema's most popular action heroes - triggered debate over the taboo subject of menstrual hygiene in India after its release earlier this year. They are often forced to stay at home due to a lack of access to clean hygiene products, while also facing stigma.

SheSays India, a Mumbai-based NGO that works to promote gender equality and women's rights, has been hammering at the government's doors on this issue since as far back as 2016. This is when it is a necessity for them and concerns both sanitation and menstrual health of a woman.

Union minister Smriti Irani lauded the council for exempting sanitary napkin from the GST. This could benefit 93 per cent of tax payers. Between Rs 2,500 to below Rs 7,500 GST is levied at 18 per cent and that of Rs 1,000 and below Rs 2,500 it is 12 per cent.

He alleged that following the GST rollout, centre sales tax (CST) was to be ended in phased manner over period of three years. It ranged between 12 per cent and 14.5 per cent.

Items on which GST rates were reduced include footwear, small television sets, water heaters, refrigerators, lithium-ion batteries, hair dryers, vacuum cleaners, food appliances and ethanol.


  • A BATWOMAN TV Series Is Coming to The CW!

    A BATWOMAN TV Series Is Coming to The CW!

    Deadline is reporting that Greg Berlanti ( The Flash , Arrow ) is officially working on bringing a Batwoman TV series to The CW. Should the live-action series get picked up, it'll be Berlanti's 7th show on the network and his 15th on-air series, overall.
    U.S.  intel chief stands by assessment of Russian meddling

    U.S. intel chief stands by assessment of Russian meddling

    Trump seemed to return the favor by waiting until Putin had arrived at the palace before leaving his hotel. Because he talked about bringing the U.S. -Russia relationship back to normal", Putin said .
    McCain calls Trump's news conference with Russia's Putin 'disgraceful'

    McCain calls Trump's news conference with Russia's Putin 'disgraceful'

    But Trump made it clear he believed the Russian leader when Putin denied his country had any hand in meddling in United States political affairs.
  • Latest on Alisson, Thibaut Courtois, Zidane and Richarlison — FTN

    Latest on Alisson, Thibaut Courtois, Zidane and Richarlison — FTN

    Former Napoli boss Sarri, who has never won silverware, insisted the only target set by Chelsea was to be competitive this season. Sarri added: "Gary Cahill can still give us a lot". "The two leagues are different, but here there are stronger players".
    Trump accepts Vladimir Putin's denials of election meddling

    Trump accepts Vladimir Putin's denials of election meddling

    The state news agency RIA-Novosti quoted a political analyst who believed Putin appeared to be the stronger of the two leaders. Trump has predicted he will be accused of being too soft on Putin no matter how the summit goes. "Putin is an autocrat".
    Woman Missing a Week Found Alive Down a Cliff

    Woman Missing a Week Found Alive Down a Cliff

    She was on a road trip from her home in Portland to visit her sister in Los Angeles County when she crashed. She stayed alive "by drinking water from the radiator of her vehicle ", according to the Highway Patrol.
  • Alleged spy Maria Butina paid by Russian billionaire Konstantin Nikolaev

    Alleged spy Maria Butina paid by Russian billionaire Konstantin Nikolaev

    There were no note-takers present during the meeting-only Trump, Putin , and interpreters. At the same time, the top House investigator said he hasn't seen any evidence that Mr.
    The Fed Is Learning What Being Donald Trump's Ex-Girlfriend Feels Like

    The Fed Is Learning What Being Donald Trump's Ex-Girlfriend Feels Like

    Trump's comments are a break with tradition that presidents avoid commenting on the path of domestic monetary policy. Earlier this year, he invoked national security as a justification for taxing imported steel and aluminum.
    Thailand gave diplomatic immunity to Australian medical team in cave rescue

    Thailand gave diplomatic immunity to Australian medical team in cave rescue

    Dr Harris and Mr Challen touched down with twenty Australians involved in the unsafe Tham Luang cave rescue. Dr Challen said, "It wasn't unsafe for us but I can't emphasise enough how risky it was for the kids".
  • Microsoft Beats Estimates on Cloud Services, Gaming, and Software Growth

    Microsoft Beats Estimates on Cloud Services, Gaming, and Software Growth

    Analysts were expecting earnings per share of $1.08 on revenue of $29.2 billion for the last quarter of Microsoft's fiscal year. And More Personal Computing, which includes Windows, the Xbox , and the Surface hardware business, was up 17%, to $10.8 billion.
    Prime Day Once Again Sets Records For Amazon

    Prime Day Once Again Sets Records For Amazon

    That's a huge discount as Amazon Music Unlimited streaming is usually £9.99 a month, or £7.99 a month for Amazon Prime members. We're kicking off this July 2018 shopping celebration for Amazon Prime members with the scoop on the very best bargains.
    How Long Is Amazon Prime Day?

    How Long Is Amazon Prime Day?

    Also, for the first time, shoppers will get 10 percent off on "hundreds of items" at Whole Foods, which Amazon bought a year ago . The estimate is based on BestBlackFriday.com's tracking of Amazon Prime Day deals since the shopping holiday started in 2015.