Key Recommendations on GST rates in 44th GST council meeting | Covid-19 related relief in GST
Recently in the month of May, 43rd GST council meeting was held wherein various decision related to amnesty scheme on late fee and relaxation in filing of return was announced and it was also announced that in next meeting decision will be taken related to relaxation of GST on Covid related items.
The 44th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today on 12.06.2021 to decide about reduction in GST rates on Covid related items.
The reduction in GST rates for Covid related items recommended by the GST council are as under:
| Description | Current GST rate | Rate recommended by GST council |
|
A. Medicine |
||
| Tocilizumab | 5% | Nil |
| Amphotericin B | 5% | Nil |
| Anti-Coagulants like Heparin | 12% | 5% |
| Remdesivir | 12% | 5% |
| Any other drug recommended by Ministry of Health
and Family Welfare (MoHFW) and Dept. of Pharma (DoP) for Covid treatment |
Applicable Rate | 5% |
|
B. Oxygen, Oxygen generation equipment and related medical devices |
||
| Medical Grade Oxygen | 12% | 5% |
| Oxygen Concentrator/ Generator, including personal
imports thereof |
12% | 5% |
| Ventilators | 12% | 5% |
| Ventilator masks / canula / helmet | 12% | 5% |
| BiPAP Machine | 12% | 5% |
| High flow nasal canula (HFNC) device | 12% | 5% |
|
C. Testing Kits and Machines |
||
| Covid Testing Kits | 12% | 5% |
| Specified Inflammatory Diagnostic Kits, namely DDimer,
IL-6, Ferritin and LDH |
12% | 5% |
|
D. Other Covid-19 related relief material |
||
| Pulse Oximeters, incl personal imports thereof | 12% | 5% |
| Hand Sanitizer | 18% | 5% |
| Temperature check equipment | 18% | 5% |
| Gas/Electric/other furnaces for crematorium,
including their installation, etc. |
18% | 5% |
| Ambulances | 28% |
12% |
Do remember that this reduction/ exemption in GST rate shall be applicable only till 30.09.2021.
To read full Press release on same CLICK HERE.