INSUBCONTINENT EXCLUSIVE:
GST Council Meeting 2021: Finance Minister chaired the 44th GST Council virtuallyThe concessional rate of goods and services tax (GST)
On Saturday, June 12, the GST Council, chaired by Finance Minister Nirmala Sitharaman, reduced the tax rates on most of the COVID supplies
and announced that no tax will be levied on the medicines for treating Black fungus
Earlier, the GST rates on these medicines stood at five per cent.The Council also cut rates on anti-coagulants such as heparin
Additionally, tax rates on gas/electric/other furnaces for the crematorium, including their installation were reduced from 18 per cent to
The GST rates on ambulances are reduced from 28 per cent to 12 per cent
per cent to five per cent.According to Finance Minister Nirmala Sitharaman, the GST Council meeting had a single-point agenda, deliberating
on the recommendations made by the group of ministers - constituted to decide on the tax rates on COVID-related supplies
