A bench of justices D.Y. Chandrachud, Surya Kant & Vikram Nath upheld 2020 Gujarat HC judgment in favour of importers challenging levying of GST on grounds that they had paid customs duty.
Since GST rollout in July 2017, many items are being taxed at varying rates despite their strong likeness. Experts say this is likely to continue unless slabs are reduced.
Union Finance Minister Nirmala Sitharaman also said that the flow of Covid-19 vaccination across the country will be well managed and all states will be taken care of.
Punjab FM termed exclusion of Congress-ruled states from GoM that decided GST rate cuts on Covid goods as 'preposterous'. Sitharaman said groups not constituted on political affiliations.
While GST on Tocilizumab and Amphotericin B is slashed to nil from 5 per cent, the rate on Remdesivir and Heparin is lowered from 12 per cent to 5 per cent.
War of words broke out after Goa minister Mauvin Godinho accused Tamil Nadu Finance Minister Palanivel Thiaga Rajan of trying to belittle the western beach state.
Exemption given from IGST extended to even paid imports of Covid relief material, is likely to benefit NGOs recognised by states. But many others will be left out.
According to government reply in Lok Sabha, the pilot phase of PMIS is being used to test concepts, strategies and systems before a full-scale implementation of the scheme.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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