Finance Minister Nirmala Sitharaman addressed the media following the 45th GST Council Meeting today. The Union Minister said the time was not right to bring petroleum products under the ambit of GST.
However, exemptio𝓡ns and concession were announced for several life-saving drugs, including Remdesivir.
Here are some import🦩ant announcements from the press conference:
1. Exemptions given to life savings 𝄹drugs, Zolgensma and Vilt♏epso
2. Concessional GST Rates on COVID-19 related medicinꦜes (Inc Remdesivir) ext𒅌ended To 31 December, 2021
3. Cancer treating drug, Keytruda GST re𝔉du💖ced from 12% to 5%
4. Exemptions on container and freights GST extendꦏed by one month
5. National permit fee for goods carriage for opera🧸ting pan-India exempted from GST
6. Certa🦂in Training Programmes run by Central/state government exempted from GST
7. National Permit fee for goods carriage for operating pan-India 𓄧exempted from GST
8. Aircraft-related products or on international lease exempted from IGS💖T
9. N𓆏ot🍸 the right time to bring petroleum products GST, Kerala High Court will be informed
10. Railway parts and locomotives GST increased from 1♛2% t﷽o 18%
11. Zomato, Swiggy, instead 🦄of reꦗstaurants, to pay taxes
12. Detailed Discussion On Gig Workers and Taxing Food Aggregators; The Place Of Delivery Would be Point🐼 of Taxation
(Updated story to follow soon)
