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14 June 2021

Key Decisions - 44th GST Council Meeting 12th June 2021

In order to take a call on the recommendations made by the GOM(constituted in 43rd GST council meeting held on 28th May 2021 to decide further tax relief on  individual covid relief items) in its report submitted to Finance Ministry, Meeting of GST Council held on Saturday, 12th June 2021 through video conferencing under the chairmanship of Hon’ble Union Finance Minister “Mrs. Niramala Sitaraman” accompanied by minister for state for finance (MOS) Mr. Anurag Thakur, finance minister of states & UTs and senior officers.

Highlights of the meeting:

Apart from waiving the tax on black fungus drug, tax rates on several other covid relief related items have been reduced however tax rate on covid vaccine remained intact at 5%. All the exemptions/reductions are valid till 30th September, 2021.

Category wise exemption/reduction in tax rate tabled below:

S. No. Description   Current GST Rate Recommended GST Rate
  MEDICINES
(i) Tocilizumab 5% NIL
(ii) Amphotericin B 5% NIL
(iii) Anti-Coagulants like Heparin 12% 5%
(iv) Remdesivir 12% 5%
(v) Any other drug recommended by Ministry of Health and Family Welfare (MoHFW) and Dept. of Pharma (DoP) for Covid treatment Applicable Rate 5%
OXYGEN, OXYGEN GENERATION EQUIPMENT AND RELATED MEDICAL DEVICES
(i) Medical Grade Oxygen 12% 5%
(ii) Oxygen Concentrator/ Generator, including personal imports thereof 12% 5%
(iii) Ventilators & Ventilator masks / canula / helmet 12% 5%
(iv) BiPAP Machine & High flow nasal canula (HFNC) device 12% 5%
TESTING KITS AND MACHINES
(i) Covid Testing Kits 12% 5%
(ii) Specified Inflammatory Diagnostic Kits,( D-Dimer, IL-6,Ferritin & LDH) 12% 5%
OTHER COVID-19 RELATED RELIEF MATERIAL
(i) Pulse Oximeters, incl personal imports thereof 12% 5%
(ii) Hand Sanitizer &  Temperature check equipment 18% 5%
(iii) Gas/Electric/other furnaces for crematorium, including their installation, etc. 18% 5%
(iv) Ambulances 28% 12%