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Finance ministry notifies new reduced GST rates on Covid essentials The reduced rates, which have come into immediate effect, will remain in force till September 30, 2021 The finance ministry has notified the new reduced goods and services tax (GST) rates on Covid essentials but remained silent on the rates of the items that are with the stockists. The reduced rates, which have come into immediate effect, will remain in force till September 30, 2021. Advertisement “It is better that the government should clarify for no disputes. stockists should be allowed refund as they have paid higher rates of GST on stocks prior to the latest notification and will be selling at a lower rate,” Bimal Jain, tax expert, said.

Nirmala sitharamanBimal jainShareen guptaUday pimprikarSmita singhRanjeet mahtaniJ sagar associatesKsingh associatesDhruva advisorsபிமல் ஜெயின்ஷரீன் குப்தாஸ்மிதா சிங்ரஞ்சீத் மஹ்தானிஜு சாகர் கூட்டாளிகள்சிங் கூட்டாளிகள்