GST Council 44th & 43th Meeting 2021 Conclusion: Press Briefing

Today, Finance Minister Nirmala Sitharaman will preside over the 44th meeting of the GST Council, which is likely to make a decision on relief for COVID-19-related individual items based on the Group of Ministers' report.

GST Council  44th Meeting 2021 Conclusion: GST Council agrees to a 5% GST rate for vaccines and authorises a reduction in the Remdesivir GST charge from 12% to 5%.

Rates unchanged for COVID-19 vaccine; No tax on black fungus drug Amphotericin B;

MOS Shri. Anurag Thakur, as well as Finance Ministers from States and UTs and senior officers from the Union Government and States, would attend the meeting.

GST Rates for Covid-19 Relief & Management Goods Have Changed

The 44th GST Council convened through video conferencing today under the chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The GST rates on the listed commodities used in Covid-19 relief and management have been reduced by the Council until September 30, 2021.         

Shri Anurag Thakur, Union Minister of State for Finance and Corporate Affairs, as well as Finance Ministers of States and UTs and senior officers from the Ministry of Finance and States/UTs, attended the meeting.

Below are the specifics of the recommendations:

Source: https://twitter.com/FinMinIndia/status/1403302086528290822

Goods and Services Tax (GST) Rules & GST Acts

43rd Council Meeting Announcement - Dated 28th May, 2021

• Maharashtra AAR: Only supplier of goods or services can apply for a GST advance ruling.
• Gujarat AAR: GST is not applicable on the amount collected from the employees towards canteen charges.
• Telangana AAR: e-procurement transaction fee collected by an agency on behalf of the government is chargeable to GST.
• TSAAR: Arbitration award to attract GST even if infra project was completed under earlier.
• National Informatics Centre (NIC) has issued a list of GSTINs updated till October 18, 2021 generating IRN.
• The List of GSTINs can be accessed at: https://einvoice1.gst.gov.in/Others/GSTINsGeneratingIRN.
• Minutes of 43rd & 44th Meeting is available now, link is below below,  cannot share due to size. http://gstcouncil.gov.in/meetings

CBIC has issued three circulars, purusant to the 45th GST council meet. For easy reference of all, we had summarized the same in the attached PPT.

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