GST Council meet begins, tax rate cut on Covid essentials on agenda

The GST Council in its meeting on Friday would take up for discussion proposal for cut in the tax rate on COVID medicines, vaccines and oxygen equipments as well as means to make up for the shortfall in revenues promised to states.
The 43rd GST Council meeting, chaired by Finance Minister Nirmala Sitharaman and comprising state finance ministers, is being held via video conferencing. The council is meeting for the first time in nearly eight months.