Finance Minister Nirmala Sitharaman Friday led the 45th Goods and Services Tax (GST) Council meeting in Lucknow.
During the gathering, the board talked about bringing petroleum and diesel under the GST system as asked by the Kerala High Court, yet later ruled against it.
 |
| GST Council meeting Highlights: Here’s what all Nirmala Sitharaman announced |
This is what all Nirmala Sitharaman reported:
E-business administrators Swiggy, Zomato to pay GST on eatery
administration provided through them; assessment to be charged at point
of conveyance
GST rate on seven different medications, which are suggested by Dept
of Pharmaceuticals, have additionally been prescribed for decrease from
12% to 5%. That is additionally stretched out till 31 Dec, 2021
The concessional GST rates on Corona-related medications have been stretched out till December 31st, 2021
Amphotericin B – nil rate, Tocilizumab – nil rate, Remdesivir – 5%, anticoagulants like Heparin – 5%. These concessional rates, which were substantial till September 30, are currently being stretched out till 31st December 2021
Cancer-related medications – Keytruda – alongside comparative different meds utilized in the therapy of disease, according to the Health Ministry or the Department of Pharmaceuticals are being suggested that they should descend from 12% to 5%
Transport of fare products by vessels and air is absolved from GST till 30 Sept. This exclusion was given as a result of challenges being looked by exporters in getting a discount of ITC(Input Tax Credit)due to specialized issues on GST entrance. This exception is being reached out by 1 more year
GST rate on seven different medications, which are suggested by Dept
of Pharmaceuticals, have likewise been prescribed for decrease from 12%
to 5%. That is additionally stretched out till 31 Dec 2021
GST rate on biodiesel which is provided to oil advertising organizations for mixing with diesel have additionally been diminished from 12% to 5%.
GST rate on strengthened rice bits for plans like coordinated kid improvement plans have been prescribed to be decreased from 18% to 5%
GST rates on Retro Fitment Kits for vehicles, utilized by people with unique incapacities, have likewise been decreased to 5%
Thanks for being here, for more updates stay connected with Newwspress.blogpost.com
