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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

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