CBIC extends concessional rate benefit to specified drugs used in COVID treatment till December 31, 2021
The CBIC vide Notification No. 12/2021-Central Tax (Rate) dated September 30, 2021 has, further extended the duration of concessional rate benefit on specified drugs used in COVID treatment as well as further reduces GST rate on other specified drugs used in COVID treatment in order to adhere to the recommendations of 45th GST Council meeting held on September 17, 2021 as under:
i. Amphotericin B – Nil
ii. Remdesivir – 5%
iii. Tocilizumab – Nil
iv. Heparin (anti-coagulant) – 5%
v. Casirivimab & Imdevimab
vii. Bamlanivimab & Etesevimab
This notification shall come into force from the October 01, 2021 and remain in force December 31, 2021.
CGST (Rate) Notification: Link
IGST (Rate) Notification: Link
UTGST (Rate) Notification: Link
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