44th GST Council Meeting

Sakshi Jain, CA LLB
Sakshi Jain, CA LLB at March 29th 2024

44th GST Council Meeting

 

44th GST Council Meeting

The GST Council met again today on 12th June, 2021 to convene the 44th GST Council Meeting through video conferencing. The meeting was chaired by the Chairman of the Union Finance & Corporate Affairs Minister, Smt. Nirmala Sitharaman. It was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finance & States/ UTs. The main intent to convene this meeting was to recommend revised rates for Covid-19 related items and equipment. The Finance Ministry has recommended revision in GST rates for multiple items including items associated with Covid Relief Material. These recommendations will stay in force till 30th September 2021.

 Revised Rates

S.No. Description Existing Rate Revised Rate

A. Medicines

1 Tocilizumab 5% Nil
2 Amphotericin B 5% Nil
3 Anti-Coagulants like Heparin 12% 5%
4 Remdesivir 12% 5%
5 Any other drug recommended by Ministry of Health and Family Welfare (MoHFW) and Dept. of Pharma (DoP) for Covid treatment Applicable Rate 5%

B. Oxygen, Oxygen generation equipment and related medical devices

1 Medical Grade Oxygen 12% 5%
2 Oxygen Concentrator/ Generator, including personal imports thereof 12% 5%
3 Ventilators 12% 5%
4 Ventilator masks / canula / helmet 12% 5%
5 BiPAP Machine 12% 5%
6 High flow nasal canula (HFNC) device 12% 5%

C. Testing Kits and Machines

1 Covid Testing Kits 12% 5%
2 Specified Inflammatory Diagnostic Kits, namely D-Dimer, IL-6, Ferritin and LDH 12% 5%

D. Other Covid-19 related relief material

1 Pulse Oximeters, incl personal imports thereof 12% 5%
2 Hand Sanitizer 18% 5%
3 Temperature check equipment 18% 5%
4 Gas/Electric/other furnaces for crematorium, including their installation, etc. 18% 5%
5 Ambulances 28% 12%

Port Code | TCS on Sale of Goods Above 50 Lakhs With Example | UQC In GST | Top 10 Business in India | GST on Education | Functions of Accounting | GST State Code List

About the Author

I am a content and marketing manager at Masters India. I am also a tax and finance content writer. I also write academic books on accounts and tax. I have an experience of 7+ years in Income Tax Read more...

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