Heavy agenda for GST Council meet on Saturday
The Group of Ministers (GoM) panel under the GST Council, tasked with deciding the levy on health & life insurance premiums, has submitted its report to the Council, a senior official said on Wednesday. The Council is likely to take up the matter for discussion in its meeting on December 21, in Jaisalmer.
Meanwhile, the state finance ministers are also slated to meet the Union finance minister on Friday for pre-Budget consultations.
Besides, the Council is also expected to take up the GoM’s report of rate rejig of about 150 items for discussion in the Saturday meeting. Sources say, the rate rationalisation exercise–hiking rates on some items, while reducing on others–is expected to fetch Centre & states an additional revenue of around Rs 22,000 crore per annum.
Furthermore, the Council may discuss the taxability issues related to food delivery services. Sources say the Council may clarify whether or not 5% GST on delivery charges by food delivery apps–such as Zomato and Swiggy–will be levied, on a retrospective basis from 2022.
