GST group rejects request for tax exemption on Covid-19 Vax ventilator

The Goods and Services Tax (GST) Mounting Committee, made up of officials from the Center and some states, has recommended short-term rate cuts on four points related to Covid-19, according to the detailed memo by the agenda for the next Council meeting.

The lowest 5 percent GST band was offered for oxygen concentrators, medical grade oxygen, pulse oximeters and test kits, up from 12 percent currently. However, the committee, which recommends rate changes to the GST Council, rejected the popular demand for an exemption or rate reduction on Covid-19 drugs, vaccines, …

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First published: Wed, May 26, 2021. 01:48 IST


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