GST cut on Covid drugs, equipment

Council slashes to nil GST on tocilizumab and black fungus medicine amphotericin B

New Delhi, June 12

The GST Council on Saturday slashed tax on Covid-19 drugs, medical oxygen and oxygen concentrators, but ignored the demand for cut in tax on vaccines.

It slashed to nil the GST on tocilizumab and black fungus medicine amphotericin B. Union Finance Minister Nirmala Sitharaman said the GST on vaccines remained unchanged at 5 per cent since these were being given free to the people. But finance ministers of Opposition-ruled states submitted notes of dissent. — TNS

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