GST exemption for specified COVID-19 medicines provides reduced state-tax rates for listed drugs until end of December 2021. Notification under section 11(1) of the Karnataka GST Act exempts or imposes reduced state-GST rates on specified Chapter 30 medicines used for COVID-19: certain items are nil-rated for state tax while others attract a reduced state-tax rate of 2.5 per cent as set out in the Table. The exemption applies to the state-tax component in excess of the amount calculated at the specified rate and is effective from 1 October 2021 to 31 December 2021.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST exemption for specified COVID-19 medicines provides reduced state-tax rates for listed drugs until end of December 2021.
Notification under section 11(1) of the Karnataka GST Act exempts or imposes reduced state-GST rates on specified Chapter 30 medicines used for COVID-19: certain items are nil-rated for state tax while others attract a reduced state-tax rate of 2.5 per cent as set out in the Table. The exemption applies to the state-tax component in excess of the amount calculated at the specified rate and is effective from 1 October 2021 to 31 December 2021.
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