July 11, 2023 8:51 PM

GST Council exempts cancer-fighting drugs and medicines for rare diseases from tax

GST Council has decided to exempt cancer-fighting drugs, medicines for rare diseases, and food products for special medical purposes from GST tax. Union Finance Minister Nirmala Sitharaman today chaired the 50th GST Council meeting in New Delhi. Addressing the media after the meeting, the Minister said 28 percent tax will be levied on online gaming, horse racing, and casinos and these will be taxed at full face value. She said the Council has also decided to exempt GST from satellite launch serv...