GST Council Meet to begin shortly: Discussion likely on bringing petrol, diesel under GST

The 45th GST Council Meeting headed by Union Finance Minister Nirmala Sitharaman will be held at Hotel Taj in Lucknow on Friday, September 17, at 11 am. The Finance Minister is likely to address the media at 8 pm.

Finance ministers of all the states across the country will attend the meeting. As per the information the Council might consider taxing petrol, diesel and other petroleum products under the single national GST regime, a move that may require huge compromises by both central and state governments on the revenues they collect from taxing these products.

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It is also likely to consider extending the time for duty relief on COVID-19 essentials. The Council could also discuss the modalities of continuation of compensation cess beyond June 2022.

आज सुबह 11 बजे GST काउंसिल की अहम बैठक...

पेट्रोल-डीजल को GST के दायरे में लाने पर चर्चा और फार्मा सेक्टर से संबंधित घोषणा संभव

जानिए पूरी खबर विस्तार से यहां#GSTCouncilMeeting #GSTCouncil #GST @AnilSinghvi_ @Daanish_Anand pic.twitter.com/hyc6kXRdXh

— Zee Business (@ZeeBusiness) September 17, 2021

The other agendas of the meeting may include announcement related to pharma sector; discussion on treating food delivery apps such as Zomato and Swiggy as restaurants and levy 5 per cent GST on supplies made by them.

It can be noted that this is the first time in 20 months that the GST Council will have a physical meeting. The last such meeting was on December 18, 2019, before the Covid-19 induced lockdowns.

The previous Council meeting was held via videoconferencing on June 12 during which tax rates on various Covid-19 essentials were reduced till September 30.