-The Hindu Council leaves the 5% tax levied on vaccines unchanged. The Goods and Services Tax (GST) Council on Saturday decided to waive the tax levied on two critical drugs against COVID-19 and mucormycosis — tocilizumab and amphotericin B — and reset the tax rate to 5% for 14 major pandemic relief items, till September 30. Non-BJP-ruled States registered a strong dissent, terming the continued imposition of GST on critical COVID supplies and...
More »SEARCH RESULT
Total Matching Records found : 396
Delhi High Court quashes GST on oxygen concentrators -Vikas Dhoot
-The Hindu “This is a George Floyd moment for India’s citizens, with the refrain – I can’t breathe," the court says. The Delhi High Court on Friday held the Government’s imposition of Goods and Services Tax (GST) on oxygen concentrators imported for personal use as ‘unconstitutional’ and said oxygen concentrators constitute a life-saving device during the COVID-19 pandemic. “This is a George Floyd moment for the citizens of this country. The refrain is...
More »FCRA rules hit overseas COVID aid to hospitals, NGOs -Vikas Dhoot
-The Hindu FCRA approvals take a lot of time, the government needs to urgently grant an exemption for all such donations, tax and legal experts said. Indian entities, including hospitals and charitable trusts, hoping to receive COVID-19 relief material from overseas individual donors or donor agencies, could be in trouble, unless they are registered under the Foreign Contribution Regulation Act (FCRA) with a stated objective involving provision of medical care. On May 3,...
More »Vaccines bought first using PM CARES funds cost Centre more -Priscilla Jebaraj and Jacob Koshy
-The Hindu Current price negotiated through bulk orders may not be replicable: Finance Secy The first lot of vaccines were procured by the Centre using PM CARES funds at a higher rate than the subsequent rounds paid for by budgetary allocations, The Hindu has learnt from the response to a Right to Information request by a transparency activist. The Health Ministry response said that the initial 5.6 crore doses of Covishield were bought...
More »Centre to retain GST on oxygen concentrators -Vikas Dhoot
-The Hindu Delhi High Court pushes back, saying that the government should review its resistance at such a time The Central government should review its resistance to exempting the Goods and Services Tax (GST) levied on oxygen concentrators imported for personal use, the Delhi High Court observed on Thursday after the Finance Ministry conveyed its inability to accept the Court’s order issued on Wednesday. Late on Thursday, the Delhi High Court appointed senior...
More »
