New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, is meeting today, September 17, which among other things, may review tax rate of over four-dozen items and extend till December 31, tax concessions on 11 COVID drugs. The Goods and Services Tax (GST) Council has a packed agenda when it convenes here today, with well over a dozen weighty issues for its consideration, including the extension of tax relief granted for COVID-related essentials and initiating discussions on bringing petroleum products under the GST regime.
The Council, which will hold its first physical meeting since the onset of the pandemic, is also likely to consider levying GST on food delivery apps and take up a proposed rejig of tax rates on items such as footwear and textiles that has been kept on hold for over a year.
Also, taxing petrol and diesel under GST tax and a proposal to treat food delivery apps such as Zomato and Swiggy as restaurants and levy a 5 percent GST tax on supplies made by them would be taken up by the Council at its meeting in Lucknow today. The Council, comprising central and state finance ministers, will deliberate on the proposal of extending the existing concessional tax rate structure on Amphotericin B, Tocilizumab, Remdesivir and anti-coagulants like Heparin, till December 31, 2021.