Haryana Chief Minister Naib Singh Saini on Saturday appreciated the “historic” decisions held in the 56th GST Council meeting held under the guidance of Prime Minister Narendra Modi under the guidance of Union Finance Minister Nirmala Sitharaman. Under the guidance of Prime Minister Narendra Modi, historic decisions were taken in the 56th GST Council meeting under the guidance of Prime Minister Narendra Modi. These steps reinforce the attitude of ‘one nation, one tax, one market’ and reduce classification controversies and litigation for taxpayers. He said, “I heartily welcome the reforms presented in the GST Council meeting headed by Finance Minister Nirmala Sitharaman.”
The Chief Minister said that the GST Council has exempted GST on daily food items like roti and paratha, which has made the tax rate “zero”. “These changes will help curb inflation and relieve the needy. This is the first time that both industrialists and general public have appreciated these reforms and adopted these reforms. It has also decided to give exemption, which will make the tax rate zero. “
Additionally, Saini said that GST on agricultural equipment including irrigation and plowing machinery and pesticides has been reduced from 12% to 5%. Naib Singh further said that, “We have reduced GST on necessary life saving medicines and life and health insurance.”
He explained in detail, “GST on life -saving drugs has been reduced from 12% to zero, while medical devices will now have a lower GST rate of 5%. In addition, GST on life and health insurance has been reduced from 18% to zero, which has ensured greater strength and access to important health services for people.”