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GST Council

Last Updated on 19th May, 2021
58 seconds

Description

GS PAPER II: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

Context: Requests for relief from the Goods and Services Tax (GST) on critical COVID-19 materials will be placed before the GST Council.

Government Arguments:

  • The Finance Ministry, argued that merely levying a reasonable GST rate on oxygen concentrators cannot be considered a violation of the Right to Life under Article 21 of the Constitution.
  • Significant relief has already been provided on personal imports of oxygen concentrators with reduction of duty incidence from 77% to 12%,” tax parity between commercial and personal imports would prevent misuse of the latter route.

About GST Council:

https://www.thehindu.com/business/gst-council-to-mull-covid-relief-govt/article34590483.ece?homepage=true

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