44th GST Council Meeting Highlights held on 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|
|3.||Anti-coagulants like Heparin||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%|
|4.||Ventilator masks / canula / helmet||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%|
|3.||Temperature check equipment||18%||5%|
|4.||Gas/Electric/other furnaces for crematorium, including their installation, etc||18%||5%|
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.