Decision On Tax Rates For COVID Essential Expected In GST Council Meet


GST Council Meeting 2021: Finance Minister is chairing the 44th GST Council virtually tomorrow

GST Council Meeting 2021: Finance Minister Nirmala Sitharaman is chairing the 44th good and services tax (GST) council meeting on Saturday, June 12, through video conferencing. According to the Ministry of Finance, the meeting is attended by Anurag Thakur, Minister of State for Finance, along with finance ministers and senior officials of the states and union territories. The meeting is expected to decide on tax cuts for COVID-19 essential items such as medical grade oxygen, hand sanitisers, pulse oximeters, ventilators, oxygen concentrators, as well as black fungus medicine. (Also Read: GST Council Meet: Tax Cut On COVID Essentials, Black Fungus Medicine On Agenda )

In its previous meeting on May 28, the GST Council referred the decision over the tax rates on COVID vaccines to a group of ministers (GoM). The GST Council meeting will discuss the report of the GOM tomorrow, headed by Meghalaya Deputy Chief Minister Conrad Sangma, on GST concessions on COVID-19 essential items such as medical grade oxygen, hand sanitisers, pulse oximeters, ventilators, among others. The ministers also discussed drugs, vaccines, medicines for the treatment of COVID-19, and testing kits for detection. 

Source link