COVID-19 relief measure in form of GST rate concessions in the 45th GST Council Meeting

COVID-19 relief measure in form of GST rate concessions in the 45th GST Council Meeting

 1,179 total views

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
  1. Extension of existing concessional GST rates (currently valid till 30thSeptember, 2021) on following Covid-19 treatment drugs, up to 31stDecember, 2021, namely-
  1. Amphotericin B -nil
  2. Remdesivir – 5%
  3. Tocilizumab -nil
  4. Anti-coagulants like Heparin – 5%
2. Reduction of GST rate to 5% on more Covid-19 treatment drugs, up to 31stDecember, 2021, namely-
  1. Itolizumab
  2. Posaconazole
  3. Infliximab
  4. Favipiravir
  5. Casirivimab & Imdevimab
  6. 2-Deoxy-D-Glucose
  7. Bamlanivimab & Etesevimab

Leave a Comment

Your email address will not be published.

the taxtalk

online portal for tax news, update, judgment, article, circular, income tax, gst, notification Simplifying the tax and tax laws is the main motto of the team tax talk, solving