Exemption on national permit fee charged by states for operation of goods carriage: FM
The inverted duty scheme on footwear and textiles will be corrected from January 1, 2022: FM
Some life-saving drugs that are not connected with COVID-19 are very expensive, for which exemptions are being given. There wouldn't be GST on Zolgensma and Viltepso that cost around Rs. 16 crore: Sitharaman
GST exemption on several life-saving drugs announced.
GST on cancer medicine reduced to 5% from 12%.
COVID-19 medicines will continue to remain GST-free till December 31.
GST on bio-diesel reduced to 5%
Finance Minister Nirmala Sitharaman is addressing the media
As the GST Council meeting is still in progress, the press briefing is slightly delayed. The briefing will commence after the GST Council meeting gets over. Inconvenience is regretted. https://t.co/sU1gxGUKhT
— Ministry of Finance (@FinMinIndia) September 17, 2021
28% GST + 12% cess expected on carbonated drinks and fruit juices
Food delivery apps are set to come under GST: Sources
Finance Minister Nirmala Sitharaman will hold a press conference at 6:30 pm today.
Kerala has said it will strongly oppose any move to bring petrol and diesel under the GST as that will reduce revenue generation for the state. It said that instead, the Centre should reduce its levies on the two commodities.
Concessions to specified drugs used in COVID-19 treatment extended till December 31.
The interim report of a state-ministerial panel on capacity-based taxation on pan masala and composition scheme for brick kilns and stone crushers would come up for discussion.
The council will also discuss the proposal of reducing GST from 12 percent to 5 percent to seven COVID-19 drugs till December 31, 2021.
A 5% GST can be slapped on food delivery apps.
UP Finance Minister says the state is against bringing petrol and diesel under GST.
GST Council meeting begins
Goods and Service Tax collection for the month of August 2021 stands at Rs. 1.12 lakh crore.