GST concessions on COVID 19 relief items: targeted rate reductions and exemptions to ease consumer costs. The Council approved GoM recommendations for time bound GST relief on COVID 19 items: vaccines to remain at 5%; Tocilizumab and Amphotericin B exempted; most medicines, medical oxygen, concentrators and certain devices reduced to 5%; specified testing kits to 5% while major diagnostic machines remain unchanged; sanitizers and pulse oximeters to 5%; differentiated adjustments for temperature equipment, crematorium furnaces and ambulances. The Council rejected domestic zero rating/0.1% as requiring law amendments and raising ITC and manufacturing issues, accepting the package with Chairperson modifications and a review by 31.08.2021.
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GST concessions on COVID 19 relief items: targeted rate reductions and exemptions to ease consumer costs.
The Council approved GoM recommendations for time bound GST relief on COVID 19 items: vaccines to remain at 5%; Tocilizumab and Amphotericin B exempted; most medicines, medical oxygen, concentrators and certain devices reduced to 5%; specified testing kits to 5% while major diagnostic machines remain unchanged; sanitizers and pulse oximeters to 5%; differentiated adjustments for temperature equipment, crematorium furnaces and ambulances. The Council rejected domestic zero rating/0.1% as requiring law amendments and raising ITC and manufacturing issues, accepting the package with Chairperson modifications and a review by 31.08.2021.
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