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Updated Sep 17, 2021 | 20:59 IST
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GST Council Meet: GST Council felt that it's not time to bring petroleum products under GST: FM Sitharaman 

New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that the GST Council has turned down the proposal to bring petrol and diesel under the ambit of the uniform indirect tax regime. 

w8u.net login,Explaining the stance of the GST council of bringing petrol and diesel under the ambit of GST, she said that petroleum products to be included in GST was brought before the Council following a Kerala High Court order. States turned down this motion. The Council has decided to report back to the court.

At present, Crude Oil, Natural Gas, Diesel, Petrol, and Aviation Turbine Fuel are 5 commodities out of the GST umbrella.,blackjack computer game

GST concessions on Medicine,mrgreen slots

bwin india,Further, speaking about GST on life-saving drugs, she said that there are some life-saving drugs not connected with COVID19, but are very expensive, for which exemptions are being given There wouldn't be GST on them - Zolgngelsma and Viltepso costing around Rs 16 crore will now be exempted from GST.

Furthermore, there will be no GST on Amphotericin B, Tocilizumab till December 31 this year.,free online football games champions league

Concessional GST rates on Covid-related drugs, which were till September 30, have now been extended till December 31 only for medicines, but not for medical equipment.,five card stud rules

The proposal of reducing GST from 12% to 5% on seven more drugs till December 31, 2021 was also approved: Itolizumab, Posaconazole, Infliximab, Bamlanivimab and Etesevimab, Casirivimab and Imdevimab, 2-Deoxy-D-Glucose and Favipiravir.,ipl rate satta

casumo mobile casino,GST on retro-fitment kits for vehicles used by persons with disabilities was reduced to 5% and drugs suggested by the Health Ministry for treating muscular atrophy were exempted from IGST.

tennis zurich,No new tax on Zomato, Swiggy

result of epl,"There is no new tax," the FM said on reports about GST on food orders from Zomato and Swiggy. "E-commerce operators Swiggy and Zomato to pay GST on restaurant service supplied through them, and tax to be charged at the point of delivery," she added.

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  • IGST on imports of aircrafts on lease exempted
  • GST rates on biodiesel for blending with diesel reduced to 5 per cent.
  • Council approves increasing GST on railway part, locomotives to 18% from the current 12%
  • National permit fee charged by states for goods carrier exempted from GST. 
  • Airport and other goods imported on lease exempted from double taxation. IGST will be exempt. This will be allowed for lessors located in SEZs too.
  • Skill development programmes wholly funded by state and central government exempted from GST. Training programmes where government bears 75 per cent or more of the cost will be exempt too.
  • GST rate changes in order to have inverted duty structure correction such as in footwear and textile sector  to  be implemented from January 2022.
  • All kinds of pens and their parts to be taxed at 18 per cent to correct inversion
  • GST Council exempts national permit fee charged by states for operation of goods carriage: FM Sitharaman

The meeting of the all-powerful federal body, being chaired by Finance Minister Nirmala Sitharaman and being attended by all but seven state Finance Ministers, is currently taking place in Lucknow. The meeting is the first in-person meeting of the GST Council in nearly two years.,free poker

betindia uk,The council convened in Lucknow for its first physical meeting in 20 months - the last one was held on December 18, 2019.

Watch the press conference here:,beer777 sbobet

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