No Tax On Black Fungus Medicine, 5% GST To Continue On Covid Vaccines

Tax on medicines, some hospital equipment and other items needed in the fight against COVID-19 has been reduced by the Goods and Services Tax Council. The tax cut is based on recommendations by a Group of Ministers amid the pandemic.

A Covishield dose cannot cost more than Rs 780 a dose, Russia's Sputnik V will cost a maximum of Rs 1,145 a dose and Covaxin cannot be costlier than Rs 1,410 a shot. This includes Rs 150 in GST or Goods and Services Tax.

With startup culture thriving in India and the need for ‘going local’ becoming increasingly popular, we take a look at all the hottest tech startups grabbing headlines in the country. Gadgets 360 talks to ClearTax founder Archit Gupta to know about the company’s history, growth, and future plans. We also talk to experts to understand what this startup needs to d...

Rajasthan Chief Minister Ashok Gehlot on Tuesday alleged that a deliberate attempt was made to keep the opposition Congress out of the Group of Ministers (GoM) set up after the GST Council Meet on May 28.

Chhattisgarh Chief Minister Bhupesh Baghel on Tuesday slammed the centre for allegedly keeping out the members of Congress-ruled states from the group of ministers (GoM) constituted by the GST Council for exemption of tax on essential goods related t

Haryana Deputy Chief Minister Dushyant Chautala wrote to Union Finance Minister Nirmala Sitharaman, urging the Centre to consider exempting GST on oxygen concentrators to make these machines more affordable for the public amid the raging pandemic.

The government on Saturday slashed Integrated GST rate on oxygen concentrators for personal use to 12 per cent, from 28 per cent earlier, for two months till June 30.

The course will be delivered online through live and interactive webinars, and recorded presentations. The total duration of the course is 15-20 hours. Training will be provided once a week in two-hour sessions, the ICSI said.

JioFiber is offering extra validity on its annual and six-month plans. For instance, if the Rs. 399 base plan is purchased as an annual package, i.e. for 12 months, the price of this annual recharge becomes Rs. 4,788 (plus GST). This pack earlier came with 365 days validity, but Jio Fiber is now giving 30 days extra on the plan.

Bringing petrol and diesel under the GST regime is not possible for the next 8-10 years as no state is ready to face the annual revenue loss of over Rs 2 lakh crore on this account, BJP member Sushil Kumar Modi said in Rajya Sabha on Wednesday.

Amid outcry over high taxes on petrol and diesel, Finance Minister Nirmala Sitharaman on Tuesday said she would be "glad" to discuss the suggestion of bringing petrol and diesel under the ambit of the Goods and Services Tax at the next meeting of the GST Council.

Central government's LTC cash voucher scheme makes it easier to claim LTC benefits without travelling. Eligible employees can simply buy good and services with GST rates of 12 percent and above through digital platforms. In this article, we explain everything you need to know.

Amid record-high fuel prices, Finance Minister Nirmala Sitharaman on Monday said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST).

Minister of State for Finance Anurag Thakur on Monday said both the centre and the states need to think about reducing taxes on petrol and diesel as their prices have risen sharply in the recent weeks.