Udayavni Special

GST Council cuts tax on COVID-19 medicines, equipment


PTI, Jun 12, 2021, 4:02 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 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

Kerala records 22,000 Covid cases for 3rd day; Central team to aid in pandemic management

Mary Kom slams IOC Boxing Task Force for “poor judging”, says can’t believe I’ve lost

BJP slams Left for attending Chinese embassy event; Left hits back

Mary Kom was clear winner: Rijiju

Kundra arrested as he was not cooperating with probe: Police to HC

Maravoor bridge to be opened for vehicles on July 30

Male elephant aged around 38 was electrocuted in Kodagu


MUST WATCH

CM Basavaraj Bommai about Cabinet Expansion

DR. MOHAN ALVA ON DRESSING ETIQUETTE

WHY IS TIGER OUR NATIONAL ANIMAL?

Vandana Rai Karkala and her innovative teachings

Kiccha Sudeep Congratulate Karnataka new CM Basavaraj bommai

Latest Additions

Kerala records 22,000 Covid cases for 3rd day; Central team to aid in pandemic management

Mary Kom slams IOC Boxing Task Force for “poor judging”, says can’t believe I’ve lost

BJP slams Left for attending Chinese embassy event; Left hits back

Mary Kom was clear winner: Rijiju

Kundra arrested as he was not cooperating with probe: Police to HC

Thanks for visiting Udayavani

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