Reduction in GST rates on items being used for covid relief and management:
GST Council has in its 44th GST council meeting dated 12th June, 2021 has reduced GST rates on the specified items being used in Covid-19 relief and management.
GST rates on life saving drug being Tocilizumab for treating covid 19 and Amphotericin B for treating Mucormycosis reduced to Nil. Any other medicine used for treating Covid 19 as may be notified by Ministry of Health and Family Welfare (MoHFW) and Dept. of Pharma (DoP) including Remdesivir reduced to 5%.
Rates of Oxygen including oxygen concentrator, Covid Testing kits, Oximeter, hand sanitizer reduced to 5%.
GST Rates of Ambulances has also been reduced to 12% from the earlier highest rate being charged at 28%.
Reduced rate shall remain effective till 30th September, 2021.