GST Council cuts tax rate on Covid essentials
The Hindu
Council largely agrees to go ahead with GoM's recommendations
Finance Minister Nirmala Sitharaman briefed the press on the outcomes of the GST Council's meeting that discussed possible tax rate reductions for COVID-19 essentials, based on the recommendations of a Group of Ministers on Saturday. Ms. Sitharaman said that this particular GST Council meeting was a single agenda meeting. In the last GST Council, a GoM was constituted and was given a time frame of ten days to recommendations, which was June 8. The report was submitted to us on June 6. Post-that, the GST secretariat and the Finance Ministry went through the suggestions.
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