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GST Council to meet on Friday; States to push for more relief

GST Council to meet on Friday; States to push for more relief
May 27, 2021
Duty reduction/ exemption for Covid drugs and items; compensation to States to be key issues
The GST (Goods & Services Tax) Council meeting on Friday, which is taking place after a gap of almost seven months, is said to be heavy on agenda and is expected to be stormy given the impact of the pandemic on the economy.
There are two contentious issues before the Council: duty reduction or exemption on Covid related drugs, vaccines and other articles; and compensation to States on account of revenue shortfall.
The agenda moved for the meeting proposes no change in GST rate for Covid vaccines, PPE kits, N95 masks, hand sanitisers, thermometers, raw materials for Covid testing kits, besides some other items. However, there is proposal to lower GST for a limited period on items such as medical grade oxygen, oxygen concentrators, pulse oximeters, including personal import, and Covid testing kit ....

Fitment Committee , Goods Services Tax Council , Health Ministry , Services Tax , Opposition Ruled States , Special Economic Zones , பொருத்தம் குழு , பொருட்கள் சேவைகள் வரி சபை , ஆரோக்கியம் அமைச்சகம் , சேவைகள் வரி , எதிர்ப்பு ஆட்சி செய்தார் மாநிலங்களில் , சிறப்பு பொருளாதார ஸோந்ஸ் ,

Meet the five debutants in the GST Council - The Hindu BusinessLine

Meet the five debutants in the GST Council
May 23, 2021
Making their entry are new FMs of TN, Kerala, Assam, Bihar and CM of Puducherry
The first meeting of the GST (Goods & Services Tax) Council since October last year, scheduled for May 28, will see five new members make their debut. The 43rd meeting of the Council will also miss two prominent members as former Finance Minister of Bihar Sushil Kumar Modi and former Finance Minister of Kerala TM Thomas Isaac bow out.
After the recent Assembly elections, four States have got new Finance Ministers – Ajanta Neog (Assam), Tarkishore Prasad (Bihar), KN Balagopal (Kerala), and PTR Palanivel Thiagarajan (Tamil Nadu). ....

Tamil Nadu , Balagopal Kerala , Palanivel Rajan , Lok Sabha , Tarkishor Prasad , Amit Mitra , Tarkishore Prasad Bihar , Palanivel Thiagarajan , Bihar Sushil Kumar , Thomas Isaac , Goods Services Tax Council , Services Tax , Finance Minister , Bihar Sushil Kumar Modi , Finance Ministers , Ajanta Neog , Tarkishore Prasad , Chief Ministern Rangaswamy , West Bengal , Deputy Chief Minister , Sushil Modi , Rajya Sabha , Chief Minister , Gst Council , Debutants On Gst Council , Kn Balagopal ,

How Toyota Tsusho's Metalsplanet.com Will Be The New Gamechanger

How Toyota Tsusho s Metalsplanet.com Will Be The New Gamechanger
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Last Updated: Feb 05, 2021, 02:42 PM IST
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Last year, the outbreak of the Covid-19 pandemic had severely impacted the global automobile, construction, and electrical machinery industries, which together contribute 75-85% to the global non-ferrous metal demand. As a result, consumption of these metals had contracted significantly, ranging from 3 - 4% for copper and zinc, and up to 8 percent for aluminium on a Y-o-Y basis.
However, the good news is that the tides are changing. There has been a steady turnaround in demand conditions, possibly due to the ample liquidity in the global financial markets. The turnaround in demand conditions in China has also helped. ....

Toyota Tsusho , Toyota Tsusho India Pvt Ltd , Goods Services Tax Council , Aluminium Ingots , Aluminium Billets , Aluminium Wire Rods , Copper Cathode , Copper Wire Rods , Tin Ingots , Lead Ingots , Zinc Ingots , Services Tax Council , டொயோட்டா ட்சுஷொ , டொயோட்டா ட்சுஷொ இந்தியா பிரைவேட் லிமிடெட் , பொருட்கள் சேவைகள் வரி சபை , அலுமினியம் பில்லெட்டுகள் , அலுமினியம் கம்பி தண்டுகள் , தாமிரம் கம்பி தண்டுகள் , சேவைகள் வரி சபை ,