After a long gap of seven months, the GST Council is finally scheduled on 28th May 2021, confirmed by Finance Minister Nirmala Sitharaman’s office today. Reportedly, the Union Minister will chair the meeting via video conference on 28th May at 11 a.m.
This is in light of a number of states have sought GST rate cuts on essential Covid supplies, and have been seeking a Council meeting to discuss the matter.
Minister of State Anurag Thakur besides Finance Ministers of States & Union Territories and senior officers from Union Government & States will be attending the meeting, tweeted by the FM’s office from its official account.
There were reports that the meeting would be conducted in mid May amid mounting pressure from the states to exempt or reduce rates on products like oxygen cylinders, ventilators, concentrators, and life-saving drugs like Remdesivir.
Finance Ministers of Punjab, Chhattisgarh, Delhi and West Bengal have already written to the Finance Minister asking for exemptions on key Covid supplies and medical devices, and three of them have asked for a GST Council meeting.
Get GST Ready Reckoner-Ready Referencer for All-Important Provisions of the GST Law by Datey V S from Amazon