Recommendations of 44th GST Council Meeting
Recommendations of 44th GST Council Meeting
Change in GST Rates on goods being used in Covid-19 relief and management
The 44th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The Council in its meeting has decided to reduce the GST rates on the specified items being used in Covid-19 relief and management till 30th September, 2021.
The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finance & States/ UTs.
The details of recommendations are given below :
|
S. No. |
Description |
Present GST Rate |
GST Rate recommended by GST Council |
|
|||
|
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% |
|
|||
|
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% |
|
|||
|
1. |
Covid Testing Kits |
12% |
5% |
|
2. |
Specified Inflammatory Diagnostic Kits, namely D-Dimer, IL-6, Ferritin and LDH |
12% |
5% |
|
|||
|
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% |
These rate reductions/exemptions shall remain in force upto 30th September 2021.
Key Points:
1. The tax rate on ventilators, medical grade oxygen, COVID-19 testing kits, oxygen concentrators and BiPAP machine has been reduced from current 12 percent to 5 percent.
2. The GST on anti-coagulants like Heparin, high flow nasal canula (HFNC) device and pulse oximeters has been brougth down from current 12 percent to 5 percent.
3. The GST on hand sanitisers and temperature check equipment has been reduced to five percent from 18 percent at present.
4. The current 5% GST on vaccines will remain the same.
5. GST rates have been decided for 4 categories of products sach as medicines, oxygen, oxygen-generation equipment, testing kits and other machines and other COVID19 related relief material.
6. GST Council approved all recommendations of GoM on rate rationalisation. GST on ambulances reduced to 12 percent.
7. The Centre will buy the 75 per cent vaccine as announced and will pay its GST too. But 70 per cent of income from GST will be shared with States.
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