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GST Council Meeting announces tax cuts on COVID vaccines, black fungus drug, medical equipment

GST Council Meeting announces tax cuts on COVID vaccines, black fungus drug, medical equipment
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GST slashed on COVID-19, black fungus medicines; 5% tax retained on vaccines

GST council slashes tax rates on Covid medicines, equipment

The GST Council on Saturday slashed tax rate on COVID-19 drugs such as Remdesivir and Tocilizumab as well as on medical oxygen and oxygen concentrators but ignored demands for reduction in taxes on vaccines. The Council, acting on the recommendation of a group of ministers from different states, cut to nil GST on COVID-19 drug Tocilizumab and black fungus medicine Amphotericin B, from existing 5 per cent. Besides, hand sanitiser, pulse oximeter, BiPAP machine, testing kit, ambulance and temperature check equipment were among the 18 items on which GST rates were lowered. Advertisement A 5 per cent GST levy on vaccines will continue which will allow manufacturers to get benefit of settling taxes paid on inputs.

Covid-19 in India: GST slashed on virus, black fungus medicines

GST কমলেও একেবারে মুক্ত হল না কোভিড পথ্য ও টিকা, ছাড় শুধু ব্ল্যাক ফাঙ্গাসের ওষুধে। GST council tax cut on COVID medicines and tax zero on black fungus medicines

GST কমলেও একেবারে মুক্ত হল না কোভিড পথ্য ও টিকা, ছাড় শুধু ব্ল্যাক ফাঙ্গাসের ওষুধে। GST council tax cut on COVID medicines and tax zero on black fungus medicines
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