44th GST Council Meeting Updates & Decision as per Press Briefing By Union Finance Minister

Finance Minister Nirmala Sitharaman chaired the 44th meeting of the GST Council through video conferencing. giving information about the decisions taken in this-

  • GST on electric furnaces and temperature checking equipment has been reduced to 5 per cent and on ambulances to 12 per cent. These rates will be valid till September. GoM had recommended reduction in these by August: Finance Minister Nirmala Sitharaman.
  • No GST will be levied on Amphotericin, an antifungal drug used in the treatment of black fungus: Sitharaman.
  • No change in GST on corona vaccine: Finance Minister Nirmala Sitharaman.
  • The GST Council has approved the proposal to reduce the GST on Corona’s drug Remdesivir from 12 percent to 5 percent. Tocilizumab will not attract any tax: Sitharaman.
  • GST Council cuts GST on medicines of black fungus and other items needed in the war against Covid