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GST council reduces rates on several Covid-related essential items; 5% tax on vaccines to stay

Jun 12, 2021, 07:49PM ISTSource: TOI.in

The GST Council on Saturday waived tax rates on black fungus drug Amphotericin and reduced rates on several other Covid-related essential items like drugs, ventilators, testing kits and others. However, it has decided to continue with 5 per cent GST rate for Covid vaccines. Addressing the media after chairing the 44th GST Council meet, finance minister Nirmala Sitharaman said that the Council decided to go ahead with the recommendations made by the Group of Ministers (GoM) in their report.

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