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.
Ahead of the council's first meeting, finance ministers of 8 non-BJP-ruled states have devised a joint strategy to press for a zero tax rate on Covid essentials, sources said.
Punjab Finance Minister Badal said even though the GST Council is meeting after 8 months, the agenda for it is 'mundane' and does not deal with substantive issues.
At the 42nd GST Council meeting in October 2020, it was decided that the compensation cess would be levied beyond the transition period of five years to meet the revenue gap.
Frequent changes in tax laws leading to uncertainties for businesses and lowering of rates without a corresponding rise in tax buoyancy among factors for lack of buoyant GST collection.
The suspension should serve as a wake-up call — not just for Rathi, but for every young gun in the league. Celebrate your success, but know where the boundary is.
Diving into workings of Gurugram fulfilment centre, Abhinav Singh, V-P (Ops) at Amazon India, offers insights into how company manages logistics, in conversation with ThePrint Editor-in-Chief Shekhar Gupta.
Pakistani establishments and their proxies are prone to severe, predictable 7-year-itch. Each step up the escalation ladder buys India about this many years of deterrence on average.
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