The omnipotent GST Council on Friday determined to cost meals supply platforms similar to Swiggy and Zomato a tax even because it prolonged concessional tax charges on sure Covid-19 medicine by three months until December 31.
The Council, which contains the Union finance minister and her state counterparts, determined to proceed maintaining petrol and diesel out of the GST purview as subsuming the present excise obligation and VAT into one nationwide fee would affect revenues. “Not the right time to bring petrol, diesel under GST,” Nirmala Sitharaman stated.
Here’s what else the finance minister introduced:
# The concessional GST charges on Corona-related medicines have been prolonged until December thirty first, 2021.
# Amphotericin B – nil fee, Tocilizumab – nil fee, Remdesivir – 5% , anticoagulants like Heparin – 5%. These concessional charges, which had been legitimate until September 30, are actually being prolonged until thirty first December 2021.
Recommendations of forty fifth GST Council MeetingA number of individuals centric choice taken by GST Council✅ Life-saving medicine Zolgensma and Viltepso utilized in therapy of Spinal-Muscular Atrophy exempted from GST when imported for private use
Read More➡️ https://t.co/ljJTywI80M(1/3) pic.twitter.com/rrGxM8tROk
— Ministry of Finance (@FinMinIndia) September 17, 2021
# Cancer-related medicine – Keytruda – together with comparable different medicines used within the therapy of most cancers, as per the Health Ministry or the Department of Pharmaceuticals are being advisable that they need to come down from 12% to five%.
# GST fee on seven different medicines, that are advisable by Dept of Pharmaceuticals, have additionally been advisable for discount from 12% to five%. That can be prolonged until 31 Dec, 2021.
?GST fee on Keytruda drugs for therapy of most cancers decreased from 12% to five%?GST charges on Retro fitment kits for automobiles utilized by individuals with particular talents decreased to five%?GST charges on Fortified Rice kernels for schemes like ICDS decreased from 18% to five%(3/3)
— Ministry of Finance (@FinMinIndia) September 17, 2021
# E-commerce operators Swiggy, Zomato to pay GST on restaurant service equipped by means of them; tax to be charged at level of supply.
# Transport of export items by vessels and air is exempt from GST until 30 Sept. This exemption was given due to difficulties being confronted by exporters in getting a refund of ITC(Input Tax Credit)on account of technical points on GST portal. This exemption is being prolonged by 1 extra 12 months.
# GST fee on biodiesel which is equipped to grease advertising firms for mixing with diesel have additionally been decreased from 12% to five%.
# GST fee on fortified rice kernels for schemes like built-in little one growth schemes have been advisable to be decreased from 18% to five%.
And right here is the detailed press launch on Recommendations of forty fifth @GST_Council Meeting
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— PIB in Maharashtra ???? (@PIBMumbai) September 17, 2021
# GST charges on Retro Fitment Kits for automobiles, utilized by individuals with particular disabilities, have additionally been decreased to five%.
# GST fee on seven different medicines, that are advisable by Dept of Pharmaceuticals, have additionally been advisable for discount from 12% to five%. That can be prolonged until 31 Dec 2021.
(Inputs from ANI, PTI)
