Chennai: State Minister for Finance, Thangam Thennarasu, supported the move to cancel GST (Goods and Service Tax) on gene therapy (CAR T cell therapy, which is now levied at a rate of 12 per cent, with a view to reducing the burden on treatment of cancer patients.
Thennarasu expressed his support for the move of the Union Government at the 58th GST council meet held at Jaisalmer on Saturday, considering the prohibitive cost of cancer drugs, an official press release said.
He also supported the move to exempt the composition tax payers from GST on renting of commercial property to registered persons payable on reverse charge mechanism.
‘The Minister stressed the development and sharing of MIS report to all States for effective implementation of the circular to clarify the recording of correct place of supply of online services to unregistered recipients,’ the release said.
