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GST Council Meet: What will salvage costly or more cost-effective? Test fleshy list


On the difficulty of petrolum products’ inclusion beneath the GST, she acknowledged that a majority of members had been against the thought that at the fresh stage.

Photo: Twitter/@FinMinIndia

Up to this level: Sep 17, 2021, 10: 29 PM IST

In a slew of choices, the GST Council on Friday determined to lengthen the applicability of concessional charges on Covid-19-linked medicines but did no longer encompass petroleum products in its kitty.

Briefing the media after the conclusion of the Council’s 45th meeting, and the foremost in a bodily layout after inaugurate of the Covid-19 pandemic, Union Finance Minister Nirmala Sitharaman acknowledged that the applicability of responsibility exemption and concessional charges for Covid and linked medicines had been prolonged from September 30 till December 31, 2021.

Sitharaman acknowledged that the council has granted tax exemption on remedy to tackle muscular atrophy imported for deepest employ most efficient, and diminished the responsibility on remedy for cancer medication from 12 per cent to 5 per cent.

On the difficulty of petrolum products’ inclusion beneath the GST, she acknowledged that a majority of members had been against the thought that at the fresh stage.

Right here is the entire list of the suggestions of the 45th GST council meeting.

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Kunal Guha

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