New Delhi: GST Board on Friday Reduces Retribution on some saving drugs, agreed to improve the tax structure for several products – ranging from textiles and footwear to pen – and unanimously concluded that no need to enter gasoline and diesel under the tax regime This is for now.
The GST concession rate for four covid drugs was extended by three months to December 31, while the tax rate was peeled for several items, including biodiesel used to mix diesel, retro-fitment kit for vehicles used by people with disabilities, and cartons, boxes, Paper container bags and packaging.
Despite the GST problem on the fuel – which countries have resisted – there was on the agenda, Minister of Finance Nirmala Sitharaman clarified that it was the result of the direction of the High Court who wanted the GST Board to see the problem.
The other minister panel will see e-way bills, fastag, technology and compliance and plugging in the gap.
In terms of recent directions in the Kerala High Court, the problem whether certain oil products must be carried in Ambit GST placed to be considered before the board.
After the discussion, the Board unanimously from the view that it is inappropriate to do it at this stage, “said Sitharaman.
Key encouragement is a correction of reverse task structure – where the final product attracts a higher task than input – which will produce 18% tax for a pen , parts of the train, locomotives and several other items.
In the case of textiles and footwear, which also suffers from the same problem, the details are not distributed by the government.
A group of ministers was established to see other areas where correction can be guaranteed, Sitharaman told reporters After the meeting, the first physical meeting after more than 16 months.
However, explaining that the group would not see the re-workmanship of slabs.
Other minister panels.
Will see e-way bills, foundations, technology and compliance and plugging in the gap.