GST Council slashes rates on Medicines and Medical Equipment for Covid


On June 12, the Goods and Services Tax Council, chaired by Union Finance Minister Nirmala Sitharaman in its 44th meeting conducted through video-conferencing, decided to reduce the GST rates on specific items being used in Covid-19 relief and management till September 30, 2021. The meeting was attended by Union Minister of State for Finance & Corporate Affairs Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finance & States/ UTs.

GST rates on Covid medicines like Tocilizumab and Amphotericin B have been reduced to nil while GST on other Covid medicines including Remdesivir and other government recommended ones have been slashed from 12% or their existing rates to 5%.

GST on Oxygen, Oxygen generation equipment and related medical devices has been slashed from 12% to 5%. Similarly, GST on testing kits and machines has also been reduced from 12% to 5%.

Meanwhile, GST on other Covid-19 related relief material like pulse oximeters has been reduced to 5% from 12%. GST on hand sanitizers, temperature checking equipment has been reduced from 18% to 5%. GST on Ambulances has been cut down from 28% to 12%.



NewsCore Desk

Total 105 Posts. View Posts

About us

In the age of print and electronic media, the veracity of news need a bias-free enterprise/ initiation. Tedious news bytes no longer accrue the common people’s attention. With an objective to delineate the inside news from global corners, “BARTALIPI DIGITAL” has entered the ground of digital journalism. The title blend itself is self-explanatory of its target and aim. Features, newsflash all synced in one platform thereby, gives a promising aura to the netizens of Barak valley. BARTALIPI DIGITAL hence, vows to meet the digital balance which will mark it off as a news organization in the era of digital evolution..

Follow Us