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Highlights of 43rd GST Council meeting

Bhaskar Thakkar

Passionate Golfer & Founder BT Associates (Indirect Tax - Consulting firm) & GSTidea.com (Knowledge Sharing Portal on GST)

发布日期: 2021年5月31日

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Important Decision taken in the 43rd GST Council Meeting: -

GST Exemption to Covid related supplies till 31st August 2021

Covid Related goods has been recommended for full exemption from IGST payment even if the goods are imported on payment basis for donation purpose. Earlier IGST exemption was available only when the goods were imported free of cost for free distribution.

Further in view of Black fungus the above exemption of IGST was extended to Amphotericin B.

Other Goods

GST rate on Diethylcarbamazine (DEC) tablets has been recommended for reduction to 5% (from 12%).

Clarificatory amendments have been recommended in relation to GST rates: -

Leviability of IGST on repair value of goods re-imported after repairs.

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Highlights of 43rd GST Council meeting

Bhaskar Thakkar

Passionate Golfer & Founder BT Associates (Indirect Tax - Consulting firm) & GSTidea.com (Knowledge Sharing Portal on GST)

Important Decision taken in the 43rd GST Council Meeting: -

Other Goods

Clarificatory amendments have been recommended in relation to GST rates: -

Bhaskar Thakkar的更多文章

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Important Decision taken in the 43rd GST Council Meeting: -

Other Goods

Clarificatory amendments have been recommended in relation to GST rates: -

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Domestic Supply of goods is exempted supply, hence would not considered in denominator (Adjusted turnover) for computing cess refund on export - HC

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‘Instrumentality of the State can’t escape its liability owing to facing financial crises’

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