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of <h1>Punjab Exempts Key COVID-19 Medicines from State Tax: Tocilizumab, Amphotericin B at Nil Rate, Remdesivir at 2.5.</h1> The Government of Punjab, under the Punjab Goods and Services Tax Act, 2017, issued a notification exempting specified COVID-19 related medicines from state tax, effective from October 1, 2021, to December 31, 2021. The exemption applies to medicines such as Tocilizumab and Amphotericin B, which are taxed at a nil rate, and others like Remdesivir and Heparin, taxed at 2.5%. This decision, recommended by the Council, aims to serve the public interest by reducing the financial burden on essential COVID-19 treatments.
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