TNPSC Thervupettagam

45th GST council meeting

September 21 , 2021 951 days 819 0
  • Finance Minister Nirmala Sitharaman chaired the 45th Meeting of the Goods and Services Tax (GST) Council.
  • This is the first time that a GST Council meeting took place in Lucknow, capital of Uttar Pradesh.
  • It is also the first physical meeting of the GST Council following the outbreak of COVID-19.
  • The GST Council members made it clear that they do not want petroleum products to be included under GST.
  • It has decided to exempt the following life-saving drugs from the GST taxation
  • They are Zolgngelsma and Viltepso (cost around Rs 16 Cr), Drugs to treat muscular atrophy.
  • Transport of export goods by vessels and air is also exempted from GST.

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