Goods And Services Tax

No Consensus On Reduction Of Taxes For Vaccines In GST Council Meeting

Finance Minister Nirmala Sitharaman chaired the 43rd good and services tax (GST) council meeting on Friday, May 28, through video conferencing. Even though one of the main agendas of the meeting was to deliberate on GST tax on COVID-related essentials, however, no consensus was reached on the reduction of tax rates over vaccines. The decision was referred to a group of ministers (GOM) to meet and come back in 10 days.

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