Finance Minister to hold GST Council meet today: Tax cut on Covid essentials on cards
Finance Minister to hold GST Council meet today: Tax cut on Covid essentials on cards
Share:

The Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, is expected to consider on today, June 12,  a GST rate cut for Covid-19 relief essentials and drugs for treating the black fungus disease and might leave the vaccines untouched.

 The 44th GST Council meeting will be attended by Minister of State for Finance Anurag Thakur, besides finance ministers of states and Union territories and senior officers from Union government and states, the Union finance ministry tweeted on Friday. The Council will discuss the report of the Group of Ministers on GST concessions on Covid relief items like medical grade oxygen, pulse oximeters, hand sanitisers and ventilators, among others.

Besides, GoM also looked into vaccines, drugs and medicines for Covid treatment and testing kits for its detection. Some state finance ministers in the GoM are understood to have pitched for a rate cut on Covid essentials. UP Finance Minister Suresh Kumar Khanna, who is also a member of the GoM, had on Wednesday said the state is in favour of cutting taxes on COVID-19 essentials to facilitate patients, but will accept the decision of the GST Council on tax rates.

US Budget Deficit Grew to Record USD 2.1 Trillion in Fiscal Year's First 8 Months

U.S Goods and services trade deficit declines to USD 68.9 bn in April

India's GDP growth FY22: World Bank slashes growth forecast to 8.3 pc from 10.1 pc

 

 

Join NewsTrack Whatsapp group
Related News