The Goods and Services Tax (GST) has been waived for two critical drugs against COVID-19 and black fungus, Tocilizumab and Amphotericin B, while tax rates have been reduced to 5% on 14 major pandemic relief goods, including testing kits and hand sanitisers, from prevailing rates in the range of 12% and 18%. <\/p>\n\n\n\n
Ambulances, which are currently taxed at 28%, will now attract a GST levy of 12%, Finance Minister Nirmala Sitharaman said on Saturday, announcing these concessional rates following a meeting of the GST Council to discuss the indirect taxes levied on COVID-19 supplies. <\/p>\n","protected":false},"excerpt":{"rendered":"
Council largely agrees to go ahead with GoM’s recommendations The Goods and Services Tax (GST) has been waived for two critical drugs against COVID-19 and black fungus, Tocilizumab and Amphotericin B, while tax rates have been reduced to 5% on 14 major pandemic relief goods, including testing kits and hand sanitisers, from prevailing rates in … Continue reading ** GST Council cuts tax rate on COVID-19 essentials<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[4,205,20,11],"tags":[],"class_list":["post-10978","post","type-post","status-publish","format-standard","hentry","category-business-economy","category-covid-19","category-records-india-national","category-science-technology"],"_links":{"self":[{"href":"https:\/\/www.globalrecordsindia.com\/index.php?rest_route=\/wp\/v2\/posts\/10978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalrecordsindia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalrecordsindia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalrecordsindia.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalrecordsindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10978"}],"version-history":[{"count":2,"href":"https:\/\/www.globalrecordsindia.com\/index.php?rest_route=\/wp\/v2\/posts\/10978\/revisions"}],"predecessor-version":[{"id":10980,"href":"https:\/\/www.globalrecordsindia.com\/index.php?rest_route=\/wp\/v2\/posts\/10978\/revisions\/10980"}],"wp:attachment":[{"href":"https:\/\/www.globalrecordsindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalrecordsindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalrecordsindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}