COVID Drugs, Oxygen Concentrators, Ventilators To Carry 5% Tax As GST Council Slashes Rates

In its 44th meeting, the Goods and Services Tax(GST) council slashed the tax rates of several COVID drugs and essentials used in relation to pandemic control.The tax rates on medicines like Tocilizumab and Amphotericin B, used for treating Black Fungus, have been reduced from 5% to zero.Rates of Remdesivir and any other drug recommended by Ministry of Health and Family Welfare (MoHFW) and...