Haryana and Gujarat have become the first few states to announce reimbursement of Goods and Services Tax (GST) components paid for Covid-19 related medical supplies. These medical supplies include oxygen concentrators, ventilators, medicines which would be donated free of cost to the state governments. Waiver from Haryana is till June 30, while that of Gujarat is valid till July 31.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Gujarat has announced reimbursement of IGST levied as part of customs on import of Covid related supplies. Haryana has gone a step further by announcing reimbursement of even the Centre’s GST component by deciding to pay back all state, central or IGST portions on Covid related supplies to the state government. The Centre had earlier waived IGST till June 30 on the import of Covid-related relief material donated or received from outside India for free distribution.
Important takeaways for all competitive exams:
After more than five decades of unbroken power, the Assad family’s reign in Syria has…
Lando Norris delivered an exceptional performance at the Abu Dhabi Grand Prix, claiming victory in…
Former Assam cricketer Devajit Saikia has been named the acting secretary of the Board of…
India has achieved a significant milestone as Foreign Direct Investment (FDI) inflows surpass $1 trillion…
Union Home Minister and Minister of Cooperation Amit Shah announced that India will establish a…
The Reserve Bank of India (RBI), through its Innovation Hub (RBIH), has launched MuleHunter.AI, a…