The GST Council will meet on 28 May. (File photo)
Special things
- GST Council meeting to be held on May 28
- Meeting chaired by Nirmala Sitharaman
- Tax on Kovid equipment will be discussed
New Delhi:
The Finance Ministry Council has convened a meeting on May 28 amid growing concerns over not calling a meeting of the Goods and Services-Tax (GST) Council for more than seven months. It is also expected to discuss the issue of tax rates on drugs, oxygen and equipment related to the treatment of COVID-19 infection, as well as revenue compensation to the states. Finance Minister Nirmala Sitharaman (Nirmala Sitharaman) will preside over the 43rd meeting of the GST Council. His office gave this information on Twitter.
The meeting will be done through video-conference. This will be the first meeting of the GST Council in the current financial year commencing from April 2021. The Finance Minister’s office tweeted, “Mrs Nirmala Sitharaman via video conference in New Delhi on May 28, 2021 at 11 am GST Council Will preside over the 43rd meeting. The meeting will be attended by Finance Ministers of States and Union Territories and senior officials of the Center and States, besides the Minister of State for Finance, Shri Anurag Thakur.
Earlier this month, West Bengal Finance Minister Amit Mitra and Punjab Finance Minister Manpreet Badal had demanded a meeting of the GST Council. It is also likely to discuss the issue of tax rates on medicines, oxygen and equipment related to the treatment of Kovid infection, as well as revenue compensation to the states. Finance Minister Nirmala Sitharaman will preside over the 43rd meeting of the GST Council. His office gave this information on Twitter.
The meeting will be done through video-conference. This will be the first meeting of the GST Council in the current financial year commencing from April 2021. The Finance Minister’s office tweeted, “Smt Nirmala Sitharaman will preside over the 43rd meeting of the GST Council through video conference in New Delhi at 11 am on May 28, 2021. The meeting will be attended by Finance Ministers of the States and Union Territories and the Center and States Apart from senior officials, Minister of State for Finance Shri Anurag Thakur will also be involved. “
Earlier this month, West Bengal Finance Minister Amit Mitra and Punjab Finance Minister Manpreet Badal had demanded a meeting of the GST Council. A national GST system was implemented in July 2017 by merging more than a dozen central and state taxes like excise, service tax and VAT. There is a provision for at least one meeting of the council every quarter. This council, headed by the Union Finance Minister, consists of Finance Ministers / Representatives from all the States and Union Territories.
Mitra of West Bengal had written a letter to the Finance Minister, in which he said that by not calling the council meeting in two consecutive quarters, a federal institution which includes representatives from all the states has been diluted. Lack of confidence can also be caused by not meeting regularly. States are also demanding the abolition of GST on essential commodities like vaccines.
VIDEO: News of the news: if the price of petrol and diesel is brought under the purview of GST, can the price be half? Understand what is mathematics
(Apart from the headline, this news has not been edited by the NDTV team, it has been published directly from the Syndicate feed.)