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

The GST Council’s 45^th 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 30^thSeptember, 2021) on following Covid-19 treatment drugs, up to 31^stDecember, 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 31^stDecember, 2021, namely-

1. Itolizumab

2. Posaconazole

3. Infliximab

4. Favipiravir

5. Casirivimab & Imdevimab

6. 2-Deoxy-D-Glucose

7. Bamlanivimab & Etesevimab