GST Council cuts tax on COVID-19 medicines, equipment


PTI, Jun 12, 2021, 3:54 PM IST

New Delhi: The GST Council on Saturday slashed the tax rate on COVID-19 medicines such as Remdesivir and equipment like oxygen concentrators and medical grade oxygen.

While GST on Tocilizumab and Amphotericin B is slashed to nil from 5 per cent, the rate on Remdesivir and anti-coagulants like Heparin is lowered from 12 per cent to 5 per cent.

Tax on medical grade oxygen, oxygen concentrators, ventilators, BiPAP machines and high flow nasal cannula (HFNC) devices has been cut to 5 per cent from 12 per cent, Finance Minister Nirmala Sitharaman said.

Also, tax on COVID-19 testing kits has been brought down to 5 per cent from 12 per cent.

Pulse oximeters, hand sanitisers, temperature check equipment and ambulances too will attract lower 5 per cent tax, she said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Siddaramaiah slams Central govt’s decision to import areca nut from Bhutan

BRS has no plans to contest K’taka Assembly polls: Kumaraswamy

Karnataka govt to open ‘Namma Clinics’ in the state

Hindi trailer of Rishab Shetty-starrer ‘Kantara’ ready for release on Oct 9

India’s heaviest rocket to make global foray on October 22

SA score 249 for 4 against India in rain-curtailed first ODI

BJP to hold mega events, tour programmes of key party leaders ahead of elections in Karnataka


Related Articles More

Run campaign to make UP roads pothole-free by Nov 15: Yogi to officials

Punjab CM Mann seeks support of farmers for paddy stubble management to protect environment

Foreign vessel with drugs seized off Kochi coast

Newly launched Mumbai-Gandhinagar Vande Bharat train suffers minor damage after hitting buffaloes

‘Even my wife doesn’t scold me as much as LG sahib’: Kejriwal asks Saxena to ‘chill a bit’

MUST WATCH

Running Reace with Rahul Gandi and Siddaramiah

Uchila Dasara 2022 : Final Preparation for Precession

Bharath Judo : Rahul Gandhi Speach in Rain

Day 8 | Mahagauri

Sarapady Devadas Special Video.


Latest Additions

Run campaign to make UP roads pothole-free by Nov 15: Yogi to officials

Siddaramaiah slams Central govt’s decision to import areca nut from Bhutan

Punjab CM Mann seeks support of farmers for paddy stubble management to protect environment

Implement Justice Nagamohan Das Commission report to increase reservation for SCs, STs in Karnataka: Rahul Gandhi

UNHRC adopts resolution against Sri Lanka’s rights record; India abstains from voting

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.