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GST Council Meeting 2021: Finance Minister Nirmalashi Salaman to hold today’s meeting. COVID Essentials GST Tax Reduction, Potential Black Fungal Drugs

GST Council Meeting 2021: Finance Minister Nirmalasi Salaman will chair the 44th GST Council Meeting at 11:00 am on June 12. Ministers may seek proposals from a group of ministers (GoM) established to recommend taxes. Relief of Covid 19 essentials such as PPE kits, masks and vaccines. GoM submitted a report to the GST Council on June 7. GoM was founded at the last meeting of the GST Council on May 28th.

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Ministers may seek proposals from a group of ministers (GoM) established to recommend tax cuts on Covid 19 essentials such as PPE kits, masks, and vaccines.

Earlier, the news agency PTI reported that the Almighty Council would discuss and implement a GST tax cut for Covid 19 essentials and black fungal drugs, citing officials familiar with the matter. The date will be confirmed after the Ministerial Group (GoM), which was established to recommend tax cuts for COVID essentials such as PPE kits, masks and vaccines to the GST Council, submitted a report on June 7. GoM was previously established at a meeting of the GST Council on May 28th.

The Treasury shared the meeting schedule on Twitter on Friday: “@ nsitharaman will chair the 44th GST Council Meeting in New Delhi via a video conference tomorrow at 11am. MOS Shri will be at the meeting. Attend .. @ ianuragthakur, in addition to the State and UT Treasury Ministers and senior federal and state officers. ”

According to the authorities, the GST Council is meeting to discuss the GoM report and consider reducing the tax rate on black fungal drugs. It is understood that some GoM state finance ministers have proposed price cuts for COVID essentials.

GoM on GST concessions for COVID relief items reduces GST rates to medical grade oxygen, pulse oximeters, hand sanitizers, concentrators, ventilators, PPE kits, N-95, surgical oxygen therapy equipment, etc. Mandated to find out if an exemption is needed. Mask and temperature checker. Moreover, the panel also examined COVID vaccines, drugs for the treatment of COVID, and test kits for drugs and COVID detection.



GST Council Meeting 2021: Finance Minister Nirmalashi Salaman to hold today's meeting. COVID Essentials GST Tax Reduction, Potential Black Fungal Drugs

Source link GST Council Meeting 2021: Finance Minister Nirmalashi Salaman to hold today's meeting. COVID Essentials GST Tax Reduction, Potential Black Fungal Drugs

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