The 44th GST Council convened through video conferencing today under the chairmanship of Union Finance and Corporate Affairs Minister Nirmala Sitharaman. The GST rates on the listed commodities used in Covid-19 relief and management have been reduced by the Council until September 30, 2021.
GST Rate Cuts On COVID-19 Medicines:
No tax will be levied on Amphotericin B, the medicine used to treat black fungus.
GST rates on anti-coagulants like heparin as well as Remdesivir – a drug for treating COVID-19, are reduced from 12 per cent to five percent.
The GST Council said that the tax rate on any other drug recommended by the health ministry and Department of Pharma (DoP) for treating COVID-19 is reduced from 12 per cent to five per cent
The tax rates on medical grade oxygen, oxygen concentrator/generator, including personal imports, ventilators, ventilator masks /canula /helmet, BiPAP machine, and high flow nasal cannula (HFNC) device are reduced from 12 per cent to five per cent.