GST council has decided to slash rates on several products related to relief and management of COVID-19. These decisions have been taken in the 44th GST Council meeting of the Ministry of Finance. However, there is no change in the GST rate on the COVID-19 vaccine. After the meeting, Finance Minister Nirmala Sitharaman said in a press briefing that the recommendations of the Group of Ministers (GoM) to reduce rates on products related to COVID-19 have been accepted. The new rates will be effective till September 30. She also said that GST rates will not be applicable on the price of the black fungus drug Amphotericin B.
Know more: Ministry of Finance