Which of the following statements is/are correct with reference to the 43rd GST Council meeting?

Daily Current Affairs Quiz 30 May 2021

Which of the following statements is/are correct with reference to the 43rd GST Council meeting?

A. The 43rd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister

B. Amphotericin B also have been recommended for full exemption from IGST.

C. Both & B

D. None of these

Explanation:

The 43rd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has made the following recommendations relating to changes in GST rates on supply of goods and services and changes related to GST law and procedure: As a COVID-19 relief measure, a number of specified COVID-19 related goods such as medical oxygen, oxygen concentrators and other oxygen storage and transportation equipment, certain diagnostic markers test kits and COVID-19 vaccines, etc., have been recommended for full exemption from IGST. Amphotericin B also have been recommended for full exemption from IGST.

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