Monday, October 18, 2021
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India extends lower tax rate on COVID-19 drugs to year end

NEW DELHI, Sept 17 (Reuters) – India will extend until the end of the year a reduction on taxes on drugs used for the treatment of COVID-19 infection, Finance Minister Nirmala Sitharaman said on Friday.

In June, India had cut taxes on medical equipment such as oxygen concentrators and drugs used to treat COVID-19 such as Zolgensma and Viltepso, to 5% from 12-18%. The cut was due to expire this month.


Disclaimer :- This story has not been edited by The Sen Times staff and is auto-generated from news agency feeds.
Source: Reuters


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