GST Council cuts tax rate on Covid essentials
Council largely agrees to go ahead with GoM's recommendations
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Council largely agrees to go ahead with GoM's recommendations
The tax relief will be applicable till September 30, but it could be extended.
Some state Finance Ministers in the GoM are understood to have pitched for a rate cut on COVID essentials.
The GST Council leaves weightier issues hanging fire; sets stage for more acrimony
PHD Chamber President Sanjay Aggarwal said that small and medium businesses have been severely impacted due to the pandemic and allowing them to file pending returns with reduced late charges, will encourage them to file returns and ease their compliance burden.