Prices of various Covid-19 related items reduced due to GST reduction after 44th GST meet

Prices of various Covid-19 related items reduced due to GST reduction after 44th GST meet

Prices of various Covid-19 related items reduced due to GST reduction after 44th GST meet

On Saturday after the conclusion of 44th GST council meeting the GST rate on Covid-19 related medicines equipments and vaccine saw a reduction in GST charges in effect till 30 September 2021 to support the fight against Covid-19. A 5% tax will be imposed on pulse oximeters, hand sanitizers, temperature check equipment, and gas, electric, and other crematoriums. The current GST rate for oximeters is 12%, 18% on hand sanitizers, temperature checking equipment, and crematoriums.

The GST rate for ambulance purchases has also been reduced from 28 percent to 12 percent. Tocilizumab and Amphotericin-B will pay zero tax now which was 5% earlier. Medical grade oxygen, oxygen concentrators, ventilators, ventilator masks, canulas, helmets, BiPAP machines, and high flow nasal cannula (HFNC) devices now have a 5% tax, down from 12% previously. The gst of Covid-19 testing kits has been reduced from 12 % to 5% but the taxes on vaccines is likely to be the same which stands at 5%.



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