GST Council Meet: Petrol & Diesel to Not Come Under GST Regime- Know Here The Key Decisions Taken at The 45th GST Council Meeting
FM Sitharaman: Petrol and diesel to not come under GST
Finance Minister Nirmala Sitharaman chaired the 45th Goods and Services Tax (GST) Council meeting today in Lucknow where the council discussed bringing petrol and diesel under the GST regime as asked by the Kerala High Court, however, the Council decided against putting petrol and diesel under GST.
Apart from this, the minister also announced that concessional GST rates on Covid-19 related medicines which were applicable till September 30, have extended till December 31, 2021.
- GST Council extends concessional GST rates on drugs used in COVID treatment till Dec 31: FM Nirmala Sitharaman
- GST Council cuts tax rates on medicines used in cancer treatment from 12 pc to 5 pc: FM
- GST rate on biodiesel for blending with diesel cut from 12 pc to 5 pc: FM Sitharaman after GST Council meeting
- GST Council agrees to correct inverted duty structure on footwear and textiles from Jan 1, 2022: FM
- GST Council felt it isn’t time to bring petroleum products under GST regime: Finance Minister Nirmala Sitharaman
- FM Sitharaman said a group of state ministers (GoM) to look at rate rationalisation related issues, make recommendations in 2 months
- E-commerce operators Swiggy, Zomato to pay GST on restaurant service supplied through them; tax to be charged at point of delivery: FM
(inputs from PTI)
“Regarding Swiggy-like operators and gig offices, it has been decided that since the place where food is delivered will be the point where tax is collected, the Swiggy-like operator who will be collecting tax will pay up the GST on it,” the finance minister said.
There is no new tax. Previously the tax was paid by restaurants but now aggregators like Zomato and Swiggy will pay the tax, the GST Council decided.