45th GST Council Meeting on 17.09.2021: Petrol Not Under GST
Finance Minister Nirmala Sitharaman chaired the 45th Goods and Service Tax (GST) Council meeting in Lucknow on Friday. This was the first in-person GST meet since Covid-19 pandemic. From whether to bring petrol under the ambit of GST to rate ratinalisation, a host of issues were up for discussion on Friday. The GST Council has decided to cut tax on life-saving expensive drugs. The finance minister mentioned that the issue of bringing petroleum products under the purview of GST was discussed in the meeting on September 17 after the recent directive of Kerala High Court.