The GST Council meeting to be held on June 12 will discuss the tax cut on drugs and equipment used in corona treatment

The GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, will be held on June 12, in which a decision will be taken to reduce the GST rate on essential items related to Kovid. The authorities provided the information. At its last meeting on May 28, the council formed a group of ministers (GOM) to provide tax relief on COVID-related items, including PPE kits, masks and vaccines. The government submitted its report on June 7.

The GST Council meeting will be held on June 12, at which time the government report will be considered, officials said. It is believed that some of the state’s finance ministers have advocated a reduction in essential items for Kovid. Uttar Pradesh Finance Minister Suresh Kumar Khanna on Wednesday said that the state government is in favor of cutting taxes on essential items related to Kovid for the benefit of patients. It does, however, accept the GST Council’s decision regarding the Goods and Services Tax (GST) rates.

Also Read: The Ministerial Committee has submitted a report on the removal of GST on essential materials for Kovid treatment

Responding to a query, Khanna said, “However, the Uttar Pradesh government is in favor of reducing the tax rate for the benefit of the patients. , Recommendation to the Government on exemption or discount from the GST rate on N-95 and surgical mask and temperature measuring instruments.

Related news

Disclaimer: The above information is for general informational purposes only. We are not uploading or coping any content without relevant content owner permission, All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.