Govt. puts off decision on tax relief for COVID-19 supplies(The Hindu, GS-3)

29 May Govt. puts off decision on tax relief for COVID-19 supplies(The Hindu, GS-3)

Context:- The Goods and Services Tax (GST) Council failed to agree on immediate tax breaks for critical pandemic relief supplies, including COVID-19 vaccines.

Why?

• States such a West bengal, kerala etc were demanding GST to be scrapped on the COVID-19 supply items
• The major thing is that government too needs money
• Central government wants to collect TAX so that is can finance it’s on going programs

What can be the way forward for this deadlock

• Governments must put people’s interest supreme
• Interest of the people is that they must pay less so that they can fund their health program
• Political interests must set aside
  

  Download Daily Current Affairs of 29th May 2021

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Swarn Singh

Plutus IAS Current Affair Team Member

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