The 44th GST Council meeting held on 12 June 2021 under the Chairmanship of Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman, recommended changes in the GST Rates to remain in force till 30 September 2021 for specified items that are being used in COVID-19 relief and management. The recommendations for GST Rate changes have been tabulated hereunder:
Sr. No. |
Description |
Present Rate |
Recommended Rate |
Medicines |
|||
1. |
Tocilizumab |
5% |
NIL |
2. |
Amphotericin B |
5% |
NIL |
3. |
Anti-Coagulants like Heparin |
12% |
5% |
4. |
Remdesivir |
12% |
5% |
5. |
Any other drug recommended by Ministry of Health and Family Welfare (MoHFW) and Dept. of Pharma (DoP) for Covid treatment |
At applicable rate |
5% |
Oxygen, Oxygen generation equipment and related medical devices |
|||
6. |
Medical Grade Oxygen |
12% |
5% |
7. |
Oxygen Concentrator/ Generator, including personal imports thereof |
12% |
5% |
8. |
Ventilators |
12% |
5% |
9. |
Ventilator masks / canula / helmet |
12% |
5% |
10. |
BiPAP Machine |
12% |
5% |
11. |
High flow nasal canula (HFNC) device |
12% |
5% |
Testing Kits and Machines |
|||
12. |
Covid Testing Kits |
12% |
5% |
13. |
Specified Inflammatory Diagnostic Kits, namely D-Dimer, IL-6, Ferritin and LDH |
12% |
5% |
Other Covid-19 related relief material |
|||
14. |
Pulse Oximeters, incl personal imports thereof |
12% |
5% |
15. |
Hand Sanitizer |
18% |
5% |
16. |
Temperature check equipment |
18% |
5% |
17. |
Gas/Electric/other furnaces for crematorium, including their installation, etc. |
18% |
5% |
18. |
Ambulances |
28% |
12% |
It has been further provided that these rate reductions/exemptions shall remain in force upto 30 September 2021.
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
Sign up for the Newsletter