(Video) Rajya Sabha TV (RSTV) The Big Picture: Why Taxes (GST) on Vaccines necessary in citizens' interest?

(Video) Rajya Sabha TV (RSTV) The Big Picture: Why Taxes (GST) on Vaccines necessary in citizens' interest?

Topic: Why Taxes (GST) on Vaccines necessary in citizens' interest?

Guest:

  • Sunil Garg, (Tax Expert)
  • A.K. Bhattacharya, (Editorial Director, Business Standard)

Topic Description:

Finance Minister Nirmala Sitharaman on Sunday said that the goods and services tax (GST) on coronavirus-related drugs and vaccines is necessary so that manufacturers offset their input taxes and keep the prices low. She said if full exemption from GST is given, vaccine manufacturers would not be able to offset their input taxes and would pass them on to the end consumer/citizen by increasing the price.The Finance Minister was responding to a letter by West Bengal Chief Minister Mamata Banerjee to the Prime Minister Narendra Modi seeking GST exemption on various coronavirus-related drugs.

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Courtesy: RSTV