GST Council to convene on May 28
The Hindu
Centre, States likely to discuss inclusion of petroleum products, levies on critical COVID supplies
The Goods and Services Tax Council will meet for the first time in more than seven-and-a-half months, on May 28, Finance Minister Nirmala Sitharaman announced on Saturday, setting the stage for the Centre and States to take up several pending as well as pressing issues relating to the indirect tax amid the COVID-19 pandemic. Apart from the possible inclusion of petroleum products under the GST regime to ease the tax burden that has pushed retail fuel prices to record levels, the Council is also expected to take up States’ concerns on GST levies on critical COVID-19 supplies, including the 5% GST on vaccines. The Council, which is expected to meet every quarter, had last met in early October. While States had been urging a meeting of the Council over the past couple of months, the Centre had said it would be better to wait for the Assembly elections, including in large States like Tamil Nadu and West Bengal, to conclude.
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