The goods and services tax (GST) council has decided to keep petroleum products out of the GST regime.
Consumers will have to keep paying the compensation cess levied on products like automobiles till march 2026 instead of July 2022 as originally envisaged at the time of rolling out the indirect tax regime.
Union government is not inclined to consider some states’ demand to extend the five year period for which they have been assured a 14% revenue growth for giving up several taxation powers to pave the way for implementing the GST regime.
# Covid vaccination
India administered a record 2.5 crore COVID vaccination doses on friday by midnight.
The world health organisation’s South-East asia regional office has congratulated India for the Vaccination milestone.
Health ministry has targeted to administer 100 crore doses by 1st week of october.
# E-auction of gifts
Sports gear and equipment of winners of the Tokyo paralympic games and the Tokyo olympic games will go on e-auction.
These gifts will include Javelins used by gold medalists Sumit Antil and Neeraj Chopra, are the key highlights of the e-auction of about 1330 gifts and mementos received by Prime minister.
The e-auction, being organised by the ministry of culture, started on friday and will continue till october 7.
The proceeds will go to the Namami Gange mission.
# GST rates
In its first Physical meeting in two years, the GST council on Friday effected several long pending tweaks in tax rates including an increase in the GST levied on foot wear.
Bricks would attract GST at the rate of 6% without input tax credits under the scheme, or 12% with input credits.
The council also decided to make food delivery apps like Swiggy and Zomato liable to collect and remit the taxes on food orders.