GST Council Meet On May 28 May Discuss Tax Cut On Covid-Related Items

GST Council meeting: States may seek cut in tax on essential Corona virus supplies.

After more than seven months, the meeting of the Goods and Services Tax (GST) council will be held on May 28, and is likely to see a lot of discussion on states seeking a cut in GST rates on essential Corona virus supplies, with some even suggesting that they should be made tax-free. Incidentally the meeting, which is being held at a time when the second wave of the pandemic has been raging across the country resulting in thousands of deaths, is likely to focus more on the abovementioned issue as well as GST compensation being sought by states. To be chaired by Finance Minister Nirmala Sitharaman, this would be the 43rd meeting of the GST council and will be conducted through video conferencing owing to the raging Corona virus pandemic. In fact finance ministers of several states had been urging upon Ms Sitharaman to call the meeting of the GST council at the earliest to discuss the above mentioned matter.