 "Sitharaman")
Finance Minister Nirmala Sitharaman’s statement in a series of tweets followed West Bengal Chief Minister Mamata Banerjee’s letter to Prime Minister Narendra Modi urging exempting key drugs and vaccines from GST and other duties to help remove supply constraints and contribute towards effective management of the pandemic.
Sitharaman said doing away with the 5 per cent GST on vaccines and 12 per cent GST on medicines would deny manufacturers input tax credit (ITC), who would then pass that as the cost to the end consumers or citizens by increasing the price.
Demands to exempt Covid-19 vaccines and related
Sitharaman said doing away with the 5 per cent GST on vaccines and 12 per cent GST on medicines would deny manufacturers input tax credit (ITC), who would then pass that as the cost to the end consumers or citizens by increasing the price.
Demands to exempt Covid-19 vaccines and related
