Watch GST Council Meeting: Many drugs became GST free, this choice was taken on petroleum and diesel 

– Google Hindi News

Watch GST Council Meeting: Many drugs became GST free, this choice was taken on petroleum and diesel – Google Hindi News

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Watch GST Council Meeting: Many drugs became GST free, this choice was taken on petroleum and diesel

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Lucknow: Many significant choices were taken in the 45th gathering of the GST Council held in Lucknow on Friday. After the gathering, the public authority declared to make numerous exorbitant life saving prescriptions GST free. Simultaneously, there was no agreement in the gathering on the issue of making petroleum and diesel GST free.

Finance Minister Sitharaman gave data after the meeting

In a public interview after the gathering of the GST Council, Union Finance Minister Nirmala Sitharaman said that it has been chosen to make life saving costly drugs like Zolgensma and Viltepso GST free. The GST on Remdesivir drug identified with the treatment of crown has been decreased to 5 percent. He will keep on getting this exception till December 31 this year. The GST on many medications identified with the therapy of malignancy has likewise been decreased from 12 to 5 percent.

18 percent GST will be imposed on PAN

He said that the GST Council has given exception from the National Permit Fee being charged by the states for the activity of cargo vehicles. The GST on biodiesel blended in with diesel has been diminished from 12 to 5 percent. The GST on the packs utilized by the in an unexpected way abled has been diminished to 5 percent. It has been chosen to charge 18% GST on PAN and its parts. The 12% GST rate has been fixed on the gadgets utilized in sustainable power.

Consensus couldn’t be reached on the issue of petroleum diesel

Sitharaman said that the GST Council has chosen not to bring petroleum and diesel under the domain of GST until further notice. The Council accepts that this isn’t an ideal opportunity to bring oil based commodities under the domain of the Goods and Services Tax. He told that now food conveyance organizations like Swiggy and Zomato should pay GST. This expense will be gathered from the client who requested the request and saved by the organization.

He said that the board has consented to fix the backwards obligation structure (lower obligation on crude materials and higher obligation on completed merchandise) on footwear and attire from January 1, 2022.

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We update consistently India Hindi Latest Breaking News Headlines here. We update (2021-09-17 20:55:07) this Hindi news feature from Google Hindi News, ज़ी न्यूज़ डेस्क - official site - zeenews.india.com.

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