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of <h1>Jammu & Kashmir Cuts State GST on COVID-19 Medicines Like Remdesivir and Tocilizumab Until December 31, 2021.</h1> The Government of Jammu and Kashmir has issued a notification exempting or reducing the state GST on specific medicines used for COVID-19 treatment until December 31, 2021. Under the Jammu and Kashmir Goods and Services Tax Act, 2017, the exemption applies to medicines such as Tocilizumab and Amphotericin B, which are taxed at a nil rate, while others like Remdesivir, Heparin, and Favipiravir are taxed at a reduced rate of 2.5%. This measure is implemented in the public interest based on recommendations from the Council. The notification is effective from October 1, 2021.
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