Group of Ministers to study GST relief for COVID essentials
3 years, 6 months ago

Group of Ministers to study GST relief for COVID essentials

The Hindu  

The Finance Ministry on Saturday constituted a Group of Ministers to examine possible waivers of GST levies on essential COVID-relief material, including vaccines, even as industry expressed concerns on the delay over such a critical decision amid the second wave of the pandemic. Uday Shankar, president, Federation of Indian Chambers of Commerce and Industry, said “a quick decision” on reductions in GST rates on COVID related essentials will help India attain self-sufficiency in this hour of need. Delhi’s Deputy CM Manish Sisodia had said on Friday night that BJP Finance Ministers opposed the demand for making COVID essentials tax-free ‘tooth and nail’ at the GST Council’s marathon meet held on Friday. EY India tax partner Abhishek Jain termed the ‘further wait’ upto June 8 to get a final decision on additional GST exemptions for COVID relief activities as ‘disappointing’. The Finance Ministers of Odisha and Uttar Pradesh along with Goa’s Transport, Legislative Affairs and Panchayati Raj Minister Mauvin Godinho, constitute the rest of the GoM.

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