43rd GST Council chaired by Finance Minister Nirmala Sitharaman

Updated on January 16, 2026 01:10:40 PM

The 43rd GST Council chaired by Finance Minister Nirmala Sitharaman made a Key decisions as follows:

GST Exemption to some COVID-19 supplies till 31st August 2021
A Particular Medicine for Black Fungus also exempted
GoM to be formed to check if further reductions to be given to new items, GoM to submit reports before 8th June
Amnesty Scheme with the reduced late fee to be launched for GST Small Taxpayers
Rationalization of Late fee for Small Taxpayers to be applicable to future liabilities
Annual Return form to be rationalized, Govt to amend CGST Rules
Annual Return filing to continue to be optional for Small Taxpayers
A Special Session on GST Compensation Cess before 22nd July 2021
GoM to consider GST Exemption on COVID Vaccines provided by private hospitals.

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