GST Rate Cut on Covid Management Goods; Check Details

GST rate on remdesivir reduced from 12% to 5%

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TNI Bureau:  The 44th GST Council, chaired by Finance Minister Nirmala Sitharaman has decided to reduce the GST rates on the specified items being used in Covid-19 relief and management till 30th September, 2021.

These specified items being used in COVID-19 relief and management on which GST rates are reduced include:

➡️ Medicines
➡️ Oxygen, Oxygen generation equipment and related medical devices
➡️ Testing Kits and Machines
➡️ Other COVID-19 related relief material

GST Rate slashed on Goods used in Covid Relief & Management including:

➡️ GST on Remdesivir slashed from 12% to 5%

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➡️ No GST on Tocilizumab, Amphotericin B medicines

➡️ GST on Oxygen, Oxygen Generation Equipment & related Medical Devices slashed from 12% to 5%

➡️ GST on Testing Kits & Machines slashed from 12% to 5%

➡️ GST on Pulse Oxymeter, Hand Sanitisers reduced to 5%

➡️ GST on Ambulances reduced to 12% from 18%

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