• Mon. Nov 25th, 2024

Recommendations of 45th GST Council Meeting

BySriram DC

Sep 20, 2021 #GST

The GST Council’s 45th meeting was held today in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made the following recommendations relating to changes in GST rates on supply of goods and services and changes related to GST law and procedure:

I. Recommendations relating to GST rates on goods and services

A. COVID-19 relief measure in form of GST rate concessions

1. Extension of existing concessional GST rates (currently valid till 30th September, 2021) on following Covid-19 treatment drugs, up to 31st December, 2021, namely

i. Amphotericin B -nil
ii. Remdesivir – 5%
iii. Tocilizumab -nil
iv. Anti-coagulants like Heparin – 5%

2. Reduction of GST rate to 5% on more Covid-19 treatment drugs, up to 31st December, 2021,
namely

i. Itolizumab
ii. Posaconazole
iii. Infliximab
iv. Favipiravir
v. Casirivimab & Imdevimab
vi. 2-Deoxy-D-Glucose
vii. Bamlanivimab & Etesevimab

 

To Read More….
click the link below….

https://www.dropbox.com/s/tpunih2hf4hvs69/PRESS_RELEASE_45.pdf?dl=0

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