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GST Council meet begins; rate review of 50 items, petrol and diesel on the agenda

Mangalore Today News Network

New Delhi, Sep 17, 2021: Finance Minister Nirmala Sitharaman is chairing the 45th Goods and Services Tax (GST) Council meeting today in Lucknow. The crucial meeting is expected to review over 50 items in the form of rate changes and clarifications.



This, along with discussions to extend the compensation mechanism for states beyond the existing legal mandate till June 2022 are some of the key issues on the agenda of today’s GST Council meeting.

The GST Council will discuss enacting taxing of petroleum products including petrol, diesel, and aviation turbine fuel under the ambit of GST.

Apart from this, the Council will look at a proposal to treat food delivery apps such as Zomato and Swiggy as restaurants. The move for food apps is expected to shift the compliance burden to them instead of restaurants and will help in curbing tax evasion.

Courtesy:Indian Express

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