No GST on Black Fungus Drug, Tax Rates Slashed for Several Items Needed in Fight Against COVID-19
No GST will be imposed on a drug (Amphotericin B) needed to treat mucormycosis or black fungus. The GST Council has also slashed tax rates for several items needed in the fight against coronavirus (COVID-19) pandemic.
No GST on Black Fungus Drug, Tax Rates Slashed for Several Items Needed in Fight Against COVID-19
GST Council has approved a reduction in rate for Remdesivir from 12% to 5%. No tax on Tocilizumab, Amphotericin B medicines. GST rates on the specified items being used in COVID19 relief and management till 30th September 2021 pic.twitter.com/uP8DPqrooI
— ANI (@ANI) June 12, 2021
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(The above story first appeared on LatestLY on Jun 12, 2021 03:58 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
