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:
India’s direct tax system is set for a major overhaul. While presenting the Union Budget…
Finance Minister Nirmala Sitharaman's presentation of the Union Budget 2026-27 marks a strategic pivot toward…
The Union Budget 2026-27 marks a decisive shift towards making India a global manufacturing powerhouse.…
As India moves steadily toward the vision of becoming a Viksit Bharat (Developed India), the…
PART A: FOUNDATIONAL VISION Government's Core Commitment (Sankalp) • Transform aspirations into tangible achievements and…
While presenting the Union Budget 2026-27, Finance Minister Nirmala Sitharaman laid out a clear philosophical…