Many essential medicines became GST free, know what was the decision of petrol and diesel?


New Delhi: In the meeting of the Goods and Services Tax Council held yesterday, it was considered to include petrol and diesel in GST, although a consensus has not yet been reached. Many of such costly life saving drugs are exempted from GST. Let us tell you that these include two very expensive drugs (Zolgensma, Viltepso). At the same time, additional tax is not likely to be levied on food from the food delivery app as the council has not taken any such decision. At the same time, the GST on many cancer related drugs has been reduced from 12 to 5 percent. It has been said that 5% GST will be levied on the same Remdesivir. Also, the exemption from GST on Corona medicine will continue till 31 December 2021.

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On the other hand, the national permit fee for goods vehicles is exempted from GST. Let us tell you that in a press conference yesterday, Finance Minister Nirmala Sitharaman informed about the decisions taken in the meeting of the GST Council. It was also decided in the meeting that the GST on biodiesel should be reduced from 12 to 5 percent.

What is the decision on petrol and diesel- The Finance Minister had said yesterday that it was due to the order of the Kerala High Court that petrol and diesel were considered, but there was a general consensus that the time had not come. This means that petrol and diesel cannot be included in the GST as of now.

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Benefit to consumers- Most importantly, till 31st December 2021, the drug of Corona will be kept free from GST and some more medicines will be included. Many costly life saving drugs have been exempted from GST. According to the information received, there are two very expensive medicines here. GST on biodiesel has been reduced from 12 to 5 percent. Also, now all types of pens will attract 18% GST.



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