The GST Council meeting chaired by Finance Minister Nirmala Sitharaman is underway. Some sources say that the council will continue tax exemption on medicines and other goods used in the treatment of corona till December 31, 2021. At the same time, the Government has also widened its scope. Under the information received, no GST will be paid on Ambphotericin and Tocilizumab and 5 percent GST will be levied on remedial and Heparin medicines.
On the other hand, it is also being said that opposition has commenced bringing petrol under GST. Kerala and Maharashtra have opposed it. Experts now say that the decision is not easy for the GST Council as it generates huge income for states.
Source Newstracklive
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