The 44th GST Council Meeting was held through Video Conferencing on 12 June, 2021 in New Delhi and was Chaired by the Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The Council in its meeting has decided to reduce the GST rates on the specified items being used in Covid-19 relief and management till 30th September, 2021.
The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finance & States/ UTs.
The details of recommendations are given below :
S.NO | Description | Present GST Rate | GST Rate recommended by GST Council |
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 |
Applicable Rate |
5% |
Oxygen, Oxygen generation equipment and related medical device | |||
1.
|
Medical Grade Oxygen |
12% |
5% |
2. |
Oxygen Concentrator/ Generator, including personal imports thereof |
12% |
5% |
3. |
Ventilators |
12% |
5% |
4. |
Ventilator masks / canula / helme |
12% |
5% |
5. |
BiPAP Machin |
12% |
5% |
6. |
High flow nasal canula (HFNC) devic |
12% |
5% |
Testing Kits and Machine | |||
1. |
Covid Testing Kit |
12% |
5% |
2. |
Specified Inflammatory Diagnostic Kits, namely D-Dimer, IL-6, Ferritin and LDH |
12% |
5% |
Other Covid-19 related relief material | |||
1. |
Pulse Oximeters, incl personal imports thereof |
12% |
5% |
2. |
Hand Sanitizer |
18% |
5% |
3. |
Temperature check equipment |
18% |
5% |
4. |
Gas/Electric/other furnaces for crematorium, including their installation, etc. |
18% |
5% |
5. |
Ambulances |
28% |
12% |
These rate reductions/exemptions shall remain in force upto 30th September 2021.
Knowledge Source:
GST Compensation Not Enough to Pay Rs 61,000 Crore Arrears for April-January of FY21: ICRA