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GST Council has approved a reduction in rate for Remdesivir from 12% to 5%. No tax on Tocilizumab, Amphotericin B medicines. GST rates on the specified items being used in COVID19 relief and management till 30th September 2021.
5% GST on vaccines will stay. The Centre will buy the 75% vaccine as announced and will pay its GST too. But 70% of income from GST will be shared with States: Union Finance Minister Nirmala Sitharaman
5% GST on vaccines will stay. The Centre will buy the 75% vaccine as announced and will pay its GST too. But 70% of income from GST will be shared with States: Union Finance Minister Nirmala Sitharaman
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- Asia
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- Finance Minister, Gst, Nirmala Sitharaman
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