GST rates slashed from 12 percent to 5 percent on medical essentials

3 years ago Trivandrum lawX

Easy on Pockets measures from the Govt.

On the basis of the recommendation of the GST council the tax rates on the covid 19 essential items has been reduced. GST on medicines for treating black fungus, Tocilizumab and Amphotericin B is completely waived off earlier it was 5 percent. The integrated tax on following medical essentials will be 5 percent beginning from 14th June, 2021 and ending with the 30th September, 2021. (The CGST and SGST will be 2.5 respectively).

Medical Grade Oxygen

Remdesvir

Heparin (anti-coagulant)

Covid-19 testing kits

Inflammatory Diagnostic (marker) kits, namely- IL6, DDimer, CRP (C-Reactive Protein), LDH (Lactate DeHydrogenase), Ferritin, Pro Calcitonin (PCT) and blood gas reagents

Hand Sanitizer

Helmets for use with non-invasive ventilation

Gas/Electric/other furnaces for crematorium

Pulse Oximeter

High flow nasal canula device

Oxygen Concentrator/ generator

Ventilators

BiPAP Machine

Non-invasive ventilation nasal or oronasal masks for ICU ventilators

Canula for use with ventilators

Temperature check equipment

Ambulance

Note: Ministry of Finance (Department of Revenue) No. 33/2021-Customs, dated the 14th June, 2021 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.401(E), dated 14th June, 2021.







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