Gst Council Meeting Latest
The 44th GST Council met under the Chairmanship of Union Finance Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. 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 essentials including PPE kits masks and vaccines to the GST council.
All Key Highlights On Latest 38th Gst Council Meeting Council Meeting Goods And Services
GST Council has decided to exempt import duty on Covid-19.
Gst council meeting latest. Finance minister constituted a Group of Ministers GoM to examine possible waivers of GST levies essential supplies. The Council in its meeting has decided to reduce the GST rates on the specified items being used in Covid-19 relief and management till 30 th September 2021. In the meeting finance minister Mrs.
The 43rd GST council meeting was held on 28th May 2021. The lower rates will be applicable till Sept. In the previous GST Council meeting the tax was exempted on the import of Amphotericin B a medicine used for the treatment of black fungus infection.
Expenses related to. Nirmala sitharaman also announced about Amnesty scheme along with few other thingsThere were lot of speculations around this scheme and finally the. Union minister of state for finance Anurag Thakur on Saturday responded to West Bengal finance minister Amit Mitras accusation that he was not allowed to speak at the end of the GST Council meeting.
He said the suggestions made by him in the GST Council meeting on Saturday have been turned down. On 28th May2021 Friday GST councils 43rd meeting took place which was long due from February 2021. GST Council to meet on June 12 to discuss tax cut on COVID essentials black fungus medicine 10 Jun 2021 0253PM IST.
On the proposal of the Fitment Committee to reduce GST on Medical Oxygen Oxygen Concentrators and other oxygen generating equipment Pulse Oximeters and Covid Testing Kit from 12 to 5 till 31072021 the house saw diverse views on the issue and at that point of time Mein proposed for acceptance of Fitment committee and also urged that the date may be extended for a further period. Finance Minister Nirmala Sitharaman chaired the 43rd good and services tax GST council meeting on Friday May 28 through video conferencingEven though one of the main. The GST Council has met after more than six months.
GST Council Meeting Highlights. GST Council Meeting 2021 Date. 28th May 2021 43rd GST Council meeting took place on 28th May 2021.
It is necessary for us to keep Covid-19 medical equipment like vaccines masks sanitisers thermometer oximeter and others. 30 and any decision to extend the relief will be taken by the GST Implementation Committee after gathering opinions Sitharaman said after the Councils 44th meeting. GST Council Meeting Update The Goods and Service Tax Council on the recommendation of the Group of Ministers GoM slashed the GST rates on a number of items crucial in the fight against the.
After a gap of seven months the GST Council meeting will be held on May 28 Finance Minister Nirmala Sitharamans office said on May 15This comes as a number of. GST Council Meeting live updates. The Council approved the GST amnesty scheme to be re-introduced the late fee was rationalised for all taxpayers especially for small taxpayers and IGST is exempted on import of COVID treating equipment and relief materials up to 31st August 2021.
The minister is likely to take call on suggestions made by the Group of Ministers GoM that was set up to recommend tax relief on Covid 19. After a gap of over seven months the GST Council will now meet on May 28 Finance Minister Nirmala Sitharaman announced last SaturdayThat the Council expected to meet every quarter has taken. The Goods and Services Tax Council met today for its first meeting in nearly seven months and decided on a slew of matters.
The Council exempted drugs such as Tocilizumab and Amphotericin B used to treat mucormycosis -- commonly called black fungus -- from GST. GST Council Meeting 2021. So after a gap of about 7 months last held in Oct20 finally the meeting took place.
No GST on black fungus drug rates reduced on several Covid-related essentials. Finance Minister Nirmala Sitharaman chaired the 44th meeting of the Goods and Services Tax GST Council on June 12 2021. GST Council Meeting 2021.
Here are the highlights of the meeting. Nirmala Sitharaman Union Minister of State for Finance and Corporate Affairs Shri Anurag Thakur was also present at the meeting besides the Finance Ministers of the states and union territories UTs and other senior officers of both. The meetings were chaired by Finance Minister Smt.
Finance minister Nirmala Sitharaman chaired the 44th GST Council meeting today. During the previous GST Council meeting the states asked the finance minister to provide tax relief on Covid-19 essentials PPE kits masks vaccines and medicines. Today at the GST Council meeting I presented some important recommendations before the council.
The GST Council met after a gap of almost seven months. The biggest decision was on reducing the compliance burden on taxpayers Finance Minister Nirmala Sitharaman who chaired the 43rd meeting of the Council said. The Union Finance Minister informed that the GST Council has accepted the.
Finance Minister Nirmala Sitharaman will chair the 44th GST Council meeting at 11 am today June 12.
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