The Central Board of Indirect Taxes and Customs (CBIC) had on June 14 notified reduced GST rate on 18 Covid-19-related supplies
The Council in its June 12 meeting had decided to reduce GST on Covid-19 drug Tocilizumab and black fungus medicine Amphotericin B to 'nil', from 5%
FM Nirmala Sitharaman has formed a panel of eight ministers from different states who have studied the recommendations on the contentious matter
GST Council would be meeting on June 12, to discuss the GoM report as well as consider tax rate cuts for black fungus medicine
The report of the panel of state ministers would be discussed in the next GST council meet, which is expected soon