GST on vaccine against States’ interest: Balagopal
The Hindu
The decision of the Centre not to waive the 5% Goods and Services Tax (GST) on COVID vaccine is against the interest of States, Finance Minister K.N. Balagopal has said.The Centre’s stance was that it
The decision of the Centre not to waive the 5% Goods and Services Tax (GST) on COVID vaccine is against the interest of States, Finance Minister K.N. Balagopal has said. The Centre’s stance was that it would buy 75% of the vaccines from manufacturers and would remit the GST on it. The revenue on that would be shared at 70% with the States, the Finance Minister said here after the online meeting of the GST Council on Saturday. “Still, we are of the view that the 5% GST for COVID vaccine should be avoided,” he said.
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