00:00On Monday, the 54th meeting of the GST Council took place in Sushma Swaraj Bhavan in Rajdhani.
00:10Finance Minister Nirmala Sitharaman chaired this meeting and many important decisions were taken in this meeting.
00:16The committee's decision to reduce the tax on salt in the GST on cancer medicines and reduce the GST on medical insurance premiums is also included.
00:26So if you still don't understand what has been expensive, what has been cheap and what big decisions have been taken in the GST Council,
00:33let's try to understand through points in this video.
00:37So first of all, let's know how much tax has been reduced on cancer medicines.
00:41On cancer medicines, GST has been announced to be reduced from 12% to 5%.
00:47The Finance Minister said that the government's aim is to make cancer treatment more affordable.
00:52After the GST Council meeting, Finance Minister Nirmala Sitharaman said that GST rates are being reduced on cancer medicines.
00:59To further reduce the cost of cancer treatment, it is being reduced to 5%.
01:05Apart from this, salty snacks will be cheaper.
01:08Because at the meeting, a special kind of salt has been decided to reduce GST from 18% to 12%.
01:15And it is expected that the prices of these salts will be reduced.
01:18Now let's know what has been expensive.
01:20In the GST Council meeting, car seats have become expensive.
01:23The council has decided to increase the tax rate from 18% to 28% on car seats.
01:30Next is that foreign airlines will get relief.
01:33Because the GST Council has decided to keep services from foreign airlines free from GST.
01:41Helicopter service will be cheaper for religious tours.
01:45The GST Council has decided to reduce the tax rate from 5% to 5% on helicopter services for religious tours.
01:53According to the Finance Minister Premchand Agrawal of Uttarakhand,
01:57on religious tours like Kedarnath and Badrinath,
02:00the tax rate has been reduced from 18% to 5% on helicopter services that take devotees.
02:06Apart from this, the next decision has been taken regarding the insurance premium.
02:10The GST Council has agreed to reduce the rate of GST from 18% to 12% on health and life insurance premiums.
02:20But the final decision has not been made yet.
02:23The decision will be made only after the report is submitted by the Government Committee in October.
02:28Next is that the creation of a ministerial group on cess compensation has also received approval.
02:33The GST Council has agreed to the creation of a ministerial group on cess compensation.
02:39Finance Minister Nirmala Sitharaman gave information about this decision.
02:42This step will help the states to find solutions on the issue of GST cess compensation.
02:48Next is that the ministerial group has submitted a report on GST rates.
02:51Finance Minister Nirmala Sitharaman said after the 54th meeting of the GST Council
02:56that the ministerial group has submitted a report on its situation after making rate rationalization.
03:01This report has been prepared with the aim of improving and adjusting the GST rates.
03:05Next is that the decision has been made regarding online gaming.
03:09Finance Minister Nirmala Sitharaman gave information about GST in this meeting.
03:15He said that the GST on online gaming has increased by 412% in revenue.
03:21This information has been submitted by the Fitment Committee in the report.
03:25Next is that the section 1 institutions will not be taxed on the grant received.
03:30After the meeting of the GST Council, Finance Minister Nirmala Sitharaman said
03:34that the universities and research centers established by the central government
03:38or the universities and research centers established by the state governments
03:44or those who have obtained income tax relief
03:46can receive research funds from both the public and private sectors.
03:51They will not have to pay GST.
03:53They have been exempted from paying GST.
03:57So these are the 10 points that have been decided in the GST Council.
04:02What do you think?
04:03What do you want to say about these decisions of the GST Council?
04:07Do tell us by commenting.
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