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29.05.2021 / 15:31

GST Council forms 8-member panel to examine tax exemption on Covid material

COVID-19 relief material.Currently, 5% GST is levied on domestically manufactured vaccines, while it is 12% for COVID drugs and oxygen concentrators.Briefing reporters after the 43rd meeting of the GST Council, the finance minister Nirmala Sitharaman on Friday had said a ministerial panel will be constituted to decide on the rates on the vaccines and medical supplies.The panel will submit its report by June 8.The panel consists of Conrad Sangma, Chief Minister of Meghalaya as the Convenor along with the following members:-Nitinbhai Patel, Deputy Chief Minister, Gujarat-Ajit Pawar, Deputy Chief Minister, Maharashtra-Mauvin Godinho, Minister for Transport & Panchayati Raj, Housing, Protocol and Legislative Affairs, Goa-K.N.

Nirmala Sitharaman India city Sangma covid-19 vaccine

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
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