September 16, 2024 3:26 PM

GST rates slashed for certain cancer drugs, namkeens, shared helicopter service

In its meeting on Monday, the Goods and Services Tax (GST) Council announced several key decisions aimed at reducing tax burdens across various sectors. To alleviate the financial strain of cancer treatment, the Council slashed GST rates on certain cancer drugs from 12% to 5%. The drugs benefiting from this reduction are Trastuzumab Deruxtecan, Osimertinib, and Durvalumab. The food industry also saw relief as the GST rate on namkeens and savoury items was reduced from 18% to 12%, effective pro...