New Delhi: The Goods and Services Tax (GST) Council will meet on September 17 in Lucknow. Among all other things, the committee is expected to review the concessional rates on COVID essential commodities.
The Finance Ministry tweeted, “Finance Minister Smt @nsitharaman will chair the 45th meeting of the GST Council on 17th September in Lucknow.”
Notably, the last GST Council meeting was held virtually on 12 June 2021 with the help of videoconferencing. During the last GST meeting, tax rates on several COVID-19 essential items were reduced till September 30, as the country battled a second wave. COVID-19.
Compensation for loss of revenue to states, review of rates on Covid essential commodities and reverse duty on some items are likely to be discussed in the meeting to be held on September 17. Read also: RBI fines Axis Bank Rs 25 lakh for violating KYC norms
With inputs from PTI.
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