Haryana deputy chief minister Dushyant Chautala and union revenue secretary Sanjay Malhotra said this scheme will encourage the culture of generating GST bills
The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state counterparts, has met 47 times so far and has taken measures which made Rs 1 lakh crore GST collection per month a new normal .
12 Things You Should Know About GST Council Meeting Chaired By FM Nirmala Sitharaman May 29, 2021, 16:01 IST
The most important takeaways from the 43rd GST Council meeting
New Delhi: On Friday, May 28, Finance Minister Nirmala Sitharaman chaired the 43rd Good and Services Tax (GST) Council meeting by videoconference.
FM Nirmala Sitharaman told a press conference that the issue of Covid-19-related equipment was one of the subjects on the agenda that was thoroughly discussed.
The following are the main takeaways from the meeting:
1. The Council has resolved to exempt Covid-19 relief items from IGST until August 31, 2021.
2. Nirmala Sitharaman stated that ad hoc exclusions have been granted for Covid-19-related equipment.
GST Council Exempts Duty on Import of Black Fungus Medicine May 29, 2021, 15:25 IST
The GST Council has decided to keep the tax rate for Covid vaccines unchanged.
Covid-19 vaccinations are currently subject to a 5% tax
The GST Council left taxes on Covid-19 vaccinations and medical supplies unchanged on Friday but exempted a drug used to cure black fungus of the charge.
New Delhi: After a meeting of the GST Council, Finance Minister Nirmala Sitharaman told reporters that a panel of ministers will discuss the tax structure on vaccines and medical goods.
The GST Council, which was chaired by the Union Finance Minister and included representatives from all states and union territories, exempted Amphotericin-B, which is used to treat black fungus, from the I-GST fee.