Decisions were no longer taken on the basis of a consensus as originally envisaged: Mitra
Council should address structural shortfall in revenue
The council meet is expected to deliberate the exemption and concession on Covid-19 related items
The GoM will give its findings by June 8 and the GST Council will take suitable decisions soon.
The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman
They have also sought an additional compensation of Rs 65,000 crore for FY21
GST Council should have addressed pressing issues
Under the GST laws, hundreds of mass consumption items and essential services are exempted fully or attract a lower rate of tax than the standard rate of 18%
The issue of GST rates on vaccines and other Covid-related supplies will be reviewed by a Group of Ministers (GoM).
States' demand for the extension of the compensation period beyond June 2022 will be taken up in a separate meeting
Nirmala Sitharaman announces a flurry of pandemic-related relief measures after the 43rd GST Council meeting
Compensation of states is also on the agenda
The 43rd meeting of the GST Council, the first this year in the midst of the second wave of Covid pandemic, begun on Friday morning through video conferencing
Meeting is likely to exempt government departments and local authorities from e-invoicing.
Changes expected at GST council meeting to Tata Steel's market capitalisation. Top news this morning.
The Council is meeting today to discuss issues such as rates on Covid-related supplies
The fitment committee, which recommends rate changes to the Council, has proposed increasing the rate on footwear (less than Rs 1,000), readymade garments, and fabrics to 12% from 5% now
GST fitment panel has recommended a short-term rate cut on four Covid-19 related items
Ahead of the GST Council meeting, Congress leader and Punjab Finance Minister Manpreet Badal has written to Finance Minister Nirmala Sitharaman
GST Council may green-light entry given disappointing progress