The 43rd GST Council chaired by Finance Minister Nirmala Sitharaman made a Key decisions as follows:
- GST Exemption to some COVID-19 supplies till 31st August 2021
- A Particular Medicine for Black Fungus also exempted
- GoM to be formed to check if further reductions to be given to new items, GoM to submit reports before 8th June
- Amnesty Scheme with the reduced late fee to be launched for GST Small Taxpayers
- Rationalization of Late fee for Small Taxpayers to be applicable to future liabilities
- Annual Return form to be rationalized, Govt to amend CGST Rules
- Annual Return filing to continue to be optional for Small Taxpayers
- A Special Session on GST Compensation Cess before 22nd July 2021
- GoM to consider GST Exemption on COVID Vaccines provided by private hospitals
