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GST ON VACCINE
Rajnath Singh vows India will not let Sindhu waters reach patrons of terrorAddressing an 'Intellectuals Meet' organised in Hyderabad by Telangana BJP, he said that through Operation Sindoor, the government had show...- Covid-19: Bharat Bio's nasal vaccine iNCOVACC set to cost Rs 325 at government hospitals, Rs 800 otherwiseThe vaccine, iNCOVACC (BBV154), is available on CoWin, and priced at Rs 800 for private markets and Rs 325 for supplies to the Centre and s...
- Vax administration by hospitals can be taxed, says Andhra AARThe proper administration of the vaccine by technically qualified personnel, as prescribed by government guidelines, becomes ancillary supp...
- Many equipment used for carrying Covid shots to attract 18% GSTThe ruling said that manufacturing of cold chain equipment, which is used in vaccination and immunisation programmes for transporting vacci...
- Covid-19 treatment cost to fall as GST rates cutThe new rates will be applicable for a limited period – until September. The reduction, which will include medicines, such as remdesivir an...
- GST rates on COVID-19-related items slashed until September 30The council had set up a group of ministers at its last meeting to look into taxation on Covid relief material. The GoM had recommended tax...
- GST Council: No change in tax on vaccines, other Covid-related items like oximeters, concentrators see reductionGST Council cut tax rate from 12% to 5% on medical grade oxygen, BiPaP machines, oxygen concentrators, ventilators, pulse oximeter
- GST Council to discuss compensation cess extension, vaccine tax exemption on SaturdayGST compensation of Rs 1.58 lakh crore was planned to be financed through back-to-back loans to be raised by the Centre while Rs 1 lakh cro...
- GST Council to meet on June 12 to discuss tax cut on COVID essentials, black fungus medicineIn the previous meeting on May 28, the Council, which has state ministers as members, a Group of Ministers (GoM) was set up to recommend ta...
- Opposition-ruled states likely to maintain demand of zero-rate GST on Covid-19 vaccinesSenior officials in some of the states said the demand of exempting GST, levied at 5%, has been made to the GST Council to give the benefit...
- GoM suggests cut in GST on Covid relief material to 5 per centThe GoM, headed by Meghalaya chief minister Conrad Sangma, has suggested reduction in GST rates of Covid relief material to 5% on items inc...
- What is expected from the 43rd GST Council meeting todayA number of states including opposition-ruled ones such as Punjab and West Bengal have demanded either full exemption or zero-rated tax on ...
- GST committee recommends against lowering tax rate on vaccinesThe committee has recommended reduction in medical grade oxygen, oxygen concentrators and pulse oximeters to 5% from 12% till the end of Ju...
- Opposition states seek lower GST on Covid vaccines, medical gearWest Bengal finance minister Amit Mitra wrote to Sitharaman, the GST Council chair, to accept the state government's proposal of zero tax o...
- GST council to look at proposals on taxing Covid-19 vaccinesIf any item is exempt from GST, manufacturers cannot claim credit for taxes paid on inputs. In such a situation, the price without GST coul...
- Govt seeing opportunity in crisis by imposing GST on COVID vaccines, medicines: CongressCongress spokesperson Gaurav Vallabh also claimed that had the government taken steps at the right time, the second wave of coronavirus wou...
- GST exemption for Covid drugs unsoundEstimates show that the country loses about 2% of the GDP on GST exemptions. Exemptions must be scrapped.
- Nirmala Sitharaman says items already exempted from tax listed in Mamata Banerjee's letter to PM ModiEarlier today, West Bengal Chief Minister Mamata Banerjee had urged Prime Minister Narendra Modi to exempt COVID-related life-saving drugs ...
- Full GST, customs waiver for vaccines & Covid drugs counterproductive, will hurt consumers: Nirmala Sitharaman“If full exemption from GST were given, the domestic producers of these items would be unable to offset taxes paid on their inputs and inpu...
- GST waiver on Covid jabs, drugs will backfire: FM Nirmala SitharamanIn a set of 16 tweets on Sunday, she argued why a nominal GST was in the interest of manufacturers and citizens. GST rates vary from 5% on ...
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