Central govt decides to continue 5% GST on vaccines

The 44th GST council meeting, chaired by Finance Minister Nirmala Sitharaman on June 12, decided that the GST on vaccines will stay at 5%. “5% GST on vaccines will stay. The Centre will buy the 75% vaccine as announced and will pay its GST too. But 70% of income from GST will be shared with states,” said Tarun Bajaj, Revenue Secretary, Ministry of Finance.