Hold urgent GST meet to cut tax on key medicines, equipment: States

Also want to discuss extension of the compensation period beyond July 2022

As the country grapples with a stronger second Covid wave, states want the Centre to urgently convene a meeting of the Goods and Services Tax (GST) Council, which has not met for the last six months. This comes after the chorus for rate cuts on key medicines and equipment grows louder.
 
Besides, states also want to discuss extension of the compensation period, under the GST regime, beyond July 2022 in the council meeting as uncertain times cast a shadow over state finances.
 
States are demanding exemption of key Covid drugs like Remdesivir, medical grade oxygen used in oxygen