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FICCI welcomes GST Council decisions

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FICCI welcomes GST Council decisions

  • Relief on import of COVID related items & Black Fungus drug a welcome move: Uday Shankar, President, FICCI
  • Look forward to report of GoM on reductions in GST rates on COVID related essentials

NEW DELHI: Commenting on the announcements made in the GST Council Meeting yesterday, Mr Uday Shankar, President, FICCI said, “We welcome the decisions announced by the GST Council. We appreciate the government’s efforts in fighting the COVID-19 pandemic and enabling better access to medical products and solutions to the country and are happy that some of the key asks from FICCI have been considered.”

“The relief on import of COVID-related relief items, if purchased or meant for donating to government or any other relief agency, have been exempted from the Integrated Goods and Services Tax till Aug. 31, 2021. Also, the drug required for treating Mucormycosis fungal infection, has been included in list of items exempted from IGST. This is a laudable step and was much awaited,” added Mr Shankar.

“We eagerly look forward to the report of the Group of Ministers formed for consideration of further reductions in GST rates on COVID related essentials. A quick decision on this front will help us attain self-sufficiency in this need of hour. At this juncture we cannot afford to lose further time,” said Mr Shankar.

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