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GST Council to Meet on June 12 to Discuss Tax Cuts on COVID Essentials, Black Fungus Meds


GST Council to Meet on June 12 to Discuss Tax Cuts on COVID Essentials, Black Fungus Meds
Some state Finance Ministers in the GoM are understood to have pitched for a rate cut on COVID-19 essentials.
Union finance minister Nirmala Sitharaman. Photo: Twitter/@nsitharaman
Government3 hours ago
New Delhi: The all-powerful GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on June 12 to decide on GST rate cut for COVID-19 essentials and black fungus medicine, according to officials.
In the previous meeting on May 28, the Council, which has state ministers as members, a Group of Ministers (GoM) was set up to recommend tax relief on COVID-19 essentials, including PPE kits, masks and vaccines, to the GST council. ....

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GST Council Leaves Vaccine Tax Rate Unchanged, Exempts Import Duty on Black Fungus Med


GST Council Leaves Vaccine Tax Rate Unchanged, Exempts Import Duty on Black Fungus Med
Amphotericin-B, which is used for the treatment of black fungus, is exempted from import duty.
Finance minister Nirmala Sitharaman. Photo: PTI
Health2 hours ago
New Delhi: The GST Council on May 28 left taxes on COVID-19 vaccines and medical supplies unchanged but exempted duty on import of a medicine used for treatment of black fungus.
A group of ministers will deliberate on tax structure on the vaccine and medical supplies, Finance Minister Nirmala Sitharaman told reporters after a meeting of the GST Council.
The GST Council, which is headed by the Union finance minister and comprises representatives of all states and union territories, exempted levy of I-GST on import of Amphotericin-B, which is used for the treatment of black fungus. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110411:15:54:00

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