Business Desk: The meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman, will be held on June 12, in which a decision will be taken regarding reduction in GST rates on essential items related to Kovid. Officials said that the report of the GoM will be considered during this period.
held on 28 May The Council , in its last meeting on 28 May, constituted a Group of Ministers (GoM) to provide tax relief on COVID related essential items including PPE kits, masks and vaccines. The GoM submitted its report on June 7. Finance ministers of some states are believed to have advocated rate cuts on essential items related to Kovid.
Government in favor of cutting taxes on essential commodities:
Uttar Pradesh Finance Minister Suresh Kumar Khanna on Wednesday said that the state government is in favor of cutting taxes on essential items related to COVID for the convenience of patients. However, it will accept the decision of the GST Council with regard to the Goods and Services Tax (GST) rates. However, the Uttar Pradesh government is in favor of reduction in tax rates for the convenience of patients, Khanna said in response to a question.
Several suggestions in the matter of giving concession
from the GST rate The Group of Ministers constituted in the matter of giving concession from the GST rate on the goods providing relief from Kovid has given suggestions in this regard. To recommend to the GoM on exemption or concession from GST rate on medical grade oxygen, pulse oximeter, hand sanitizer, oxygen treatment equipment like concentrator, ventilator, PPE kit, N-95 and surgical mask and temperature measuring equipment. .