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Highlights: FM Nirmala Sitharaman Says Time Not The Right To Bring Petro Products Under GST After 45th Council Meeting

Finance Minister Nirmala Sitharaman announced a series of exemptions after the 45th GST Council meeting on Friday, this also includes an extension of GST concessional rates on COVID-19 related medicines to 31st December, 2021

Highlights: FM Nirmala Sitharaman Says Time Not The Right To Bring Petro Products Under GST After 45th Council Meeting
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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, exemptions and concession were announced for several life-saving drugs, including Remdesivir.바카라 웹사이트

Here are some important announcements from the press conference:바카라 웹사이트

1.바카라 웹사이트 Exemptions given to life savings drugs, Zolgensma and Viltepso

2. Concessional GST Rates on COVID-19 related medicines (Inc Remdesivir) extended To 31 December, 2021

3.바카라 웹사이트 Cancer treating drug, Keytruda GST reduced from 12% to 5%

4.바카라 웹사이트Exemptions on container and freights GST extended by one month

5.바카라 웹사이트National permit fee for goods carriage for operating pan-India exempted from GST

6. Certain Training Programmes run by Central/state government exempted from GST

7. National Permit fee for goods carriage for operating pan-India exempted from GST

8.바카라 웹사이트 Aircraft-related products or on international lease exempted from IGST

9. Not the right time to bring petroleum products GST, Kerala High Court will be informed

10. Railway parts and locomotives GST increased from 12% to 18%

11.바카라 웹사이트Zomato, Swiggy, instead of restaurants, to pay taxes

12.바카라 웹사이트Detailed Discussion On Gig Workers and Taxing Food Aggregators; The Place Of Delivery Would be Point of Taxation

(Updated story to follow soon)

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