COVID-19: No tax on black fungus medicines, 5% GST on vaccines, says FM Nirmala Sitharaman freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Exclusive: GoM for retaining 5% tax on Covid jabs; tax cut on PPEs, ventilators, sanitisers
Reduced rates will be applicable for three months till August. GoM recommendations will be forwarded to the GST Council for final approval. GoM held a marathon meeting on Thursday and submitted its recommendations four days ahead of 8-June deadline
Ashutosh Kumar | June 4, 2021 | Updated 17:43 IST
GST Council s rate fitment panel had earlier recommended GST rate cut on medical grade oxygen, oxygen concentrators, pulse oximeters and covid test kits
The Group of Ministers (GoM), constituted by the Goods and Service Tax (GST) Council last week to look into the tax rate on Covid vaccines and other equipment, has recommended retaining the GST rate on Covid-19 vaccine at 5 per cent, while suggesting tax cut on a slew of Covid-related items like ventilators, personal protective equipment (PPE) kit, among others, for three months.
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