Covid Drugs To Be Sold Under Concessional Rate: GST Council
The 45th meeting of the GST Council held in Lucknow, UP chaired by Finance Minister Nirmala Sitharaman, announced GST exemption on expensive imported drugs like Zologensma and Viltetso on September 17. These drugs are unrelated to Covid treatment. The concessional rate of GST on Covid drugs will be continued till December 31. The council decided to increase the rate on locomotives and railway parts from 12% to 18%.