GST Council Meeting Live Updates: FM Sitharaman levies 5-18% tax on popcorn, exempts gene therapy
GST Council Meeting Live Updates: Union Finance Minister Nirmala Sitharaman is chairing the 55th meeting of the Goods and Services Tax (GST) Council which is underway in Jaisalmer of Rajasthan on Saturday.The participants in the meeting include the Minister of State for Finance, Pankaj Chaudhary, Chief Ministers of Goa, Haryana, Jammu and Kashmir, Meghalaya and Odisha.The Deputy Chief Ministers of Arunachal Pradesh, Bihar, Madhya Pradesh, Rajasthan and Telangana are also present in the meeting along with the Finance Ministers of States/UTs, Secretary of Department of Revenue, Chairmen and Members of Central Board of Indirect Taxes & Customs (CBIC) and other senior officials of the Finance Ministry.GST Council Meeting Live Updates: The Deputy Chief Ministers of Arunachal Pradesh, Bihar, Madhya Pradesh, Rajasthan and Telangana are also present in the meeting along with the Finance Ministers of States/UTs, Secretary of Department of Revenue, Chairmen and Members of Central Board of Indirect Taxes & Customs (CBIC) and other senior officials of the Finance Ministry.GST Council Meeting Live Updates: Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax."States did not feel comfortable.
They didn't want the ATF because they saw it as part of the crude petroleum diesel basket, and therefore they said that it alone cannot be taken out, and therefore that continues to remain where it is today," she said while briefing media on the outcome of 55th GST Council meeting here.Besides, she said, no decision was taken with regard to reduction in GST on insurance premiums as the Group of Ministers (Go) needed more time to study the
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