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Key Recommendations on GST rates in 44th GST council meeting | Covid-19 related relief in GST

GST expert by GST expert
June 12, 2021 - Updated on June 13, 2021
in GST news
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44th GST council meeting
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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.

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Tags: GST council meeting
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