Notify Covid-19 vaccines as zero-rated supply under GST, say experts

Though Union finance minister Nirmala Sitharaman has ruled out a Goods and Services Tax (GST) waiver on Covid-19 vaccines over concerns of final price escalation, state finance ministers and tax experts remain sceptical about the argument. While a  GST  waiver on vaccines would indeed deprive manufactures of the benefit of input tax credit (ITC), resulting in a price increase for end use…