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IGST on Cancer Drug Import may be Exempted

The GST Council at its next meeting on Tuesday is likely to exempt cancer medicine Dinutuximab imported by individuals from tax, decide on applicability of GST on food or beverages served in multiplexes and come out with a clear definition of utility vehicles for levying a 22% cess, sources said.

The Council will also decide on GST exemption for satellite launch services provided by private players. Besides, import of medicines and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases for personal use and also by centers of excellence are likely to be exempted from Integrated GST. Currently, such imports attract an IGST of5%or 12%.PTI.

 S-ET Image source: google

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