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GST ON COVID MEDICINE
Iran war impact: Essential drugs may cost up to 5% more, for nowThe immediate net consumer impact could be 3-5% higher prices, or roughly similar to what consumers paid before the late-September cuts in ...- GST rate for COVID-19 medicines pegged at 5% GST: govtUnion Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha that 66 per cent of government-sponsored health insurance scheme...
- Pharma industry seeks enhanced funds for healthcare sector, ease of doing biz in BudgetThe industry is also seeking simplification of various processes in order to enhance ease of doing business for the private sector companie...
- GST Council Meet: Tax reduction on life saving drugs, and other key highlightsReducing taxes on life-saving medicines, bringing petrol and diesel within the ambit of indirect tax, rationalizing an inverted duty struct...
- More options to make up for GST shortfallThe Council may also extend GST rate reduction on Covid medicines till December 31, sources said.
- 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...
- WB Finance Minister Amit Mitra writes to Sitharaman, dissents over GST on COVID-19 drugsZero-rating would require some changes in the law which could have been done via ordinance, Mitra said, noting that former GST Council memb...
- 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 cuts rate on Covid related materials to 5%, leaves vaccine rate unchanged“Centre is buying and will provide it free to the people, GST will not be levied on the vaccination,” finance minister Nirmala Sitharaman t...
- FM to chair GST Council meet tomorrow; tax cut on COVID essentials, black fungus medicine on agendaCouncil will discuss the report of the GoM on GST concessions on COVID-19 relief items like medical grade oxygen, pulse oximeters, hand san...
- 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...
- 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...
- Industry hails late-fee relief for GST non-filers, demands zero tax rate on med devices, health servicesPHD Chamber President Sanjay Aggarwal said that small and medium businesses have been severely impacted due to the pandemic and allowing th...
- GoM to look into GST rates of Covid vaccine, drugs and related items set upTax rates on vaccines, drugs, medicines, Covid testing kits, medical grade oxygen, pulse oximeters, hand sanitizers, oxygen concentrators, ...
- Remove GST on life-saving medicines, equipment used in COVID-19 fight: Priyanka Gandhi to govtHer appeal to the government came ahead of the GST Council meeting, which decides on taxes on goods and services, later on Friday.
- GST Council to meet on Friday to take up key issues: Tax on Covid related medical material, compensation cess for FY22Another key issue of compensation shortfall for the second consecutive year is also likely to take centre-stage at a time when states requi...
- GST Council to discuss tax rate on Covid essentials, compensation to states on FridayAhead of the first meeting of the top decision-making body, finance ministers of eight states ruled by non-BJP and like-minded parties -- R...
- 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...
- GST Council may decide on IGST levy on oxygen concentrators imported for personal use on May 28The Delhi High Court last week said that imposition of 12 per cent Integrated GST (IGST) on oxygen concentrators for personal use or those ...
- 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...
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