You are here: Home » Opinion » Columns
Herbs need good marketing
Best of BS Opinion: Herbs need good marketing, second Covid-19 wave & more
Business Standard

Charge 0.1% GST on Covid vaccines, medical items

GST is applicable on domestic supplies and commercial import of vaccines at 5 per cent and on Covid drugs, oxygen concentrators, etc. at 12 per cent

GST collection | Coronavirus Vaccine | medical costs

TNC Rajagopalan 

TNC Rajagopalan

Last week, the government rejected demands to fully exempt the Goods and Services Tax (GST) on vaccines, medicines and medical equipment used to deal with Covid-19 saying if a full GST exemption was given on these items, domestic producers would be unable to offset the input taxes paid and would pass them to the consumers by increasing their prices. Apparently, the government has not looked at better options.



What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 17 2021. 01:03 IST