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Finance ministry not in favour of raising GST rates on non-essential items

city New Delhi India covid-19 outbreak economy Government
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NEW DELHI: The finance ministry is not in favour of raising Goods and Services Tax (GST) rates even on non-essential items at a time its revenue collections are expected to be badly hit by the ongoing nationwide lockdown to contain the spread of covid-19.

A senior finance ministry official, on the condition of anonymity, said the GST Council meeting is likely to be convened next month. "Post the lockdown, demand has to be induced and economic activity has to improve on all fronts, not just on essential items.

Who are we to decide what is non-essential. However, the Council will take a final call on the matter," the official said. Although the government has eased restrictions in the ongoing lockdown, which is scheduled to end on 31 May,

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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