GST Council Meeting Highlights 12,06,2021

Written by Utkarsh Anand Dt. June 16th, 2021

The 44th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 12th day of June, 2021, Saturday, via video conferencing in New Delhi. The GST Council on June 12 reduced tax rates on most COVID-related supplies and offered tax exemptions on medicines for treating the black fungus infection.

GST rates have been decided for 4 categories of products- medicines, oxygen, oxygen-generation equipment, testing kits and other machines and other COVID19 related relief material.

Recommendations of 44th GST Council Meeting:

S.No.	Description	Present GST Rates	GST Rates recommended by GST council
A. 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%
B. Oxygen, Oxygen generation equipment and related medical devices
1.	Medical Grade Oxygen	12%	5%
2.	Oxygen Concentrator/ Generator, including personal imports thereof	12%	5%
3.	Ventilators	12%	5%
4.	Ventilator masks / canula / helmet	12%	5%
5.	BiPAP Machine	12%	5%
6.	High flow nasal canula (HFNC) device	12%	5%
C. Testing Kits and Machines
1.	Covid Testing Kits	12%	5%
2.	Specified Inflammatory Diagnostic Kits, namely D-Dimer, IL-6, Ferritin and LDH	12%	5%
D. 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%

Validity of this revised rates:

The new revised rates will remain in force upto September 30, 2021 and can be extended further upon nearing the deadline.

Written by
Utkarsh Anand
Articled Clerk