New Delhi: The GST Council has decided to reduce the GST rates on the specified items being used in COVID-19 relief and management till 30th September 2021.
The 44th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Nirmala Sitharaman through video conferencing here today.
The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finance & States/ UTs.
GST Council has approved a reduction in rate for Remdesivir from 12% to 5%. Besides, tax on Tocilizumab, Amphotericin B medicines has waived off.