News > GST Council To Discuss Tax Rate On COVID Essentials

GST Council To Discuss Tax Rate On COVID Essentials

Good Returns | 27/05/2021 04:43 PM | Click to read full article

The GST Council is likely to discuss on Friday a reduction in the tax rate on Covid medicines, vaccines and medical equipment as well as means to make up for the shortfall in revenues promised to states.

Ahead of the first meeting of the top decision-making body, finance ministers of eight states ruled by non-BJP and like-minded parties- Rajasthan, Punjab, Chhattisgarh, Tamil Nadu, Maharashtra, Jharkhand, Kerala and West Bengal have devised a joint strategy to press for a zero tax rate on Covid essentials, sources said.