The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items and extend till December 31, tax concessions on 11 COVID drugs. Also, taxing petrol and diesel under the single national GST tax and a proposal to treat food delivery apps such as Zomato and Swiggy as restaurants and levy a 5 per cent GST tax on supplies made by them would be taken up by the Council at its meeting in Lucknow on September 17. "Finance Minister Smt @nsitharaman will chair the 45th GST Council meeting at 11 AM in Lucknow tomorrow. The meeting will be attended by MOS Shri @mppchaudhary besides Finance Ministers of States & UTs and Senior officers from Union Government & States," the Finance Ministry tweeted. The Council, comprising central and state finance ministers, will deliberate on the proposal of extending the existing concessional tax rate structure on Amphotericin B, Tocilizumab, Remdesivir and ...
from Latest News https://ift.tt/3tJjuwe
https://ift.tt/eA8V8J https://ift.tt/2LUVdkd
Home
Business
Business News
Business Standard
Latest News
GST Council meet on Friday; rate review, concession to Covid drugs on cards
Thursday, September 16, 2021
Related Posts:
TalkTalk service at bottom of Ofcom poll for third year runningIt's the third year in a row that the broadband provider has come bott… Read More
How freelancers are changing the jobs marketThe rise of freelance working is transforming the global job market. … Read More
Ocado warehouse fire in Andover started by battery faultAt the height of the blaze, more than 300 firefighters worked to tackl… Read More
Will robots take our factory jobs?As manufacturing becomes more automated with more robots, factories ne… Read More
0 comments: