GST rates on COVID-19-related items slashed until September 30

The council had set up a group of ministers at its last meeting to look into taxation on Covid relief material. The GoM had recommended tax cut on various items. Accordingly, the levy on oxygen generators, pulse oximeters, ventilators as well as the items cited above has been lowered to 5% from 12% or 18%. Also included in this list are remdesivir and other drugs recommended by the health ministry.

from News-Economic Times https://ift.tt/3wjAABt