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Government rules out GST relief on locally produced Covid vaccines, drugs

city New Delhi India vaccine Government
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NEW DELHI : After granting tax relief on imported Covid-related medical supplies, government has turned down requests for Goods and Service Tax (GST) relief on domestic production of Covid-vaccines and drugs saying it would be counter-productive to consumers.The difficulty in granting GST exemption to locally produced vaccines and Covid-related drugs is that the raw materials and services used in their production will continue to attract taxes and producers will not be able to use the tax credits for the same.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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