Many essential medicines GST free, know what happened to petrol-diesel?

New Delhi: Petrol and diesel were considered for inclusion in GST in a meeting of the Goods and Services Tax Council yesterday, though it has not been agreed to so far. Many of the same expensive life-saving medicines have been exempted from GST. Let me tell you that these include two very expensive medicines (Zolgensma, Viltepso). At the same time, there is no possibility of levying additional tax on food from the food delivery app as the council has not taken any such decision. At the same time, GST on many cancer-related medications has been reduced from 12 to 5 percent. It has been said that 5 percent GST will be levied on the same Remdesivir. In addition, corona medicine will continue to be exempted from GST till 31st December 2021.

On the other hand, the National Permit Fee for goods vehicles has been exempted from GST. Let me tell you all that Finance Minister Nirmala Sitharaman briefed us at a press conference about the decisions taken in the GST Council meeting yesterday. It was also decided in the meeting that GST on biodiesel should be reduced from 12 to 5 percent.

What is the decision on petrol and diesel- The Finance Minister yesterday said that it was due to the Kerala high court order that petrol and diesel were considered but there was a consensus that the time has not yet come. This means that petrol and diesel cannot be included in GST right now.

Benefits to Consumers- The most important thing is that corona medicine will continue to be exempted from GST till 31st December 2021 and some more medicines were included. Several expensive life-saving medicines have been exempted from GST. As per the information received, there are two very expensive medicines. Gst on biodiesel has been reduced from 12 to 5 percent. In addition, GST will now be 18 percent on all types of pens.

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