COVID-19 relief measure in form of GST rate concessions in the 45th GST Council Meeting
The GST Council’s 45th meeting was held under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman at Lucknow. In this meeting COVID-19 relief measure in form of GST rate concessions was provided as under:
COVID-19 relief measure in form of GST rate concessions
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Extension of existing concessional GST rates (currently valid till 30thSeptember, 2021) on following Covid-19 treatment drugs, up to 31stDecember, 2021, namely-
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Amphotericin B -nil
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Remdesivir – 5%
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Tocilizumab -nil
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Anti-coagulants like Heparin – 5%
2. Reduction of GST rate to 5% on more Covid-19 treatment drugs, up to 31stDecember, 2021, namely-
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Itolizumab
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Posaconazole
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Infliximab
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Favipiravir
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Casirivimab & Imdevimab
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2-Deoxy-D-Glucose
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Bamlanivimab & Etesevimab