43rd GST Council Meeting – Will be Conducted on 28.05.2021

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43rd GST Council Meeting Next Date is Convened Every/Today/Latest/Minutes/Press Release/Update. It is scheduled to be conducted on 28.05.2021 Expected to Discuss about Taxes on Medicine and Oxygen – The 43rd GST Council Meeting Chaired by Union Finance Minister Nirmala Sitharaman will be held on 28.05.2021. The meeting, which will be conducted via Online video conference mode. The meeting will be attended by Anurag Thakur, all Status and UT Finance Ministers and dignitaries, the Finance Ministry said in a statement. Finance Minister Palanivel Thiagarajan is participating to represent Tamil Nadu.

This Meeting generated more anticipation because of the 2nd wave of corona virus and those pending issues including petroleum products under the GST tax. State governments are expected to push for the abolition of the 5 per cent GST levied on corona vaccines, including tax exemption on key corona-related drugs, including oxygen.The council may also consider lowering of GST rate of 28 percent on two-wheelers to give a boost to its sales affected during the pandemic.

Union Minister Nirmala Sitharaman Tweeted that “SmtNirmala Sitharaman will chair the 43rd GST Council via video conferencing at 11am on New Delhi on 28th May 2021. The meeting will be attended by MOS Anurag Thakur besides the Finance Ministers of States and UTs and Senior Officers form Union Government and States”.

In this 43rd GST Council Meeting State governments are expected to push for the abolition of the 5 percentage GST tax on corona vaccines, and tax exemption on key corona-related drugs, including oxygen. This is the first GST meeting going to be conducted in this year. The last meeting was held at October 2020.

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