Current Affairs Exam

Punjab seeks slashing duty on Covid related items

Punjab Finance Minister Manpreet Badal called upon the Centre to have GST with a heart as he sought a much lower tax regime on goods required to battle Covid ahead of the meeting of the GST Council.

The Fitment Committee of the GST Council has recommended against granting full exemption as that would result in increased cost of production of these goods. In this scenario, the opposition finance ministers may press for a token GST of 0.1 % on such items.

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