Friday, February 3, 2023

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GST on COVID Vaccine

Is GST on vaccines and critical medical supplies warranted? Let’s check Mr. Gandhi’s new political stunt

In fact, GST on various goods and services used as input for supply of vaccines would range from 5-18%, however the output tax on vaccines is set at 5%, leading to an inverted tax structure and tax costs not offset would invariably be passed on to the consumer.

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