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Home >News >India >GST exemption given on world's costliest drugs Zolgensma and Viltepso

GST exemption given on world's costliest drugs Zolgensma and Viltepso

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Lucknow: Finance Minister Nirmala Sitharaman chairs the 45th GST Council meeting in Lucknow, Friday, Sept. 17, 2021. (PTI Photo/ Nand Kumar) (PTI09_17_2021_000039B)

  • 'There wouldn't be GST on them - Zolgensma and Viltepso costing around 16 crore,' Union Finance Minister Nirmala Sitharaman announced on Friday

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The GST Council has given an exemption on expensive imported drugs such as Zolgensma and Viltepso, which cost crores of rupees, Union Finance Minister Nirmala Sitharaman announced on Friday.

The GST Council has given an exemption on expensive imported drugs such as Zolgensma and Viltepso, which cost crores of rupees, Union Finance Minister Nirmala Sitharaman announced on Friday.

“There wouldn't be GST on them - Zolgensma and Viltepso costing around 16 Cr will now be exempted from GST," the FM announced.

“There wouldn't be GST on them - Zolgensma and Viltepso costing around 16 Cr will now be exempted from GST," the FM announced.

FM Sitharaman also informed about extending concessional tax rates on certain Covid-19 drugs by three months till 31 December from 30 September.

FM Sitharaman also informed about extending concessional tax rates on certain Covid-19 drugs by three months till 31 December from 30 September.

 The GST Council has also approved the proposal of reducing GST from 12% to 5% to the seven more drugs till 31 December. These are Itolizumab, Posaconazole, Infliximab, Bamlanivimab and Etesevimab, Casirivimab and Imdevimab, 2-Deoxy-D-Glucose and Favipiravir.

 The GST Council has also approved the proposal of reducing GST from 12% to 5% to the seven more drugs till 31 December. These are Itolizumab, Posaconazole, Infliximab, Bamlanivimab and Etesevimab, Casirivimab and Imdevimab, 2-Deoxy-D-Glucose and Favipiravir.

Briefing reporters on the decisions taken by the Council, the FM extended the period of concessional GST rates on certain Covid-related drugs by three months but decided not to give the same benefit to medical equipment.

Briefing reporters on the decisions taken by the Council, the FM extended the period of concessional GST rates on certain Covid-related drugs by three months but decided not to give the same benefit to medical equipment.

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