India
oi-Vicky Nanjappa
New Delhi, June 12: The GST Council has recommended complete exemption from IGST on several specified COVID-19 related goods.
These would include medical oxygen, concentrators, other oxygen storage and transportation equipment, certain diagnostic markers test kits, and Covid-19 vaccines even if imported on payment basis for donating to the government or on the recommendation of state authority to any relief agency.
The exemption is valid up to August 31 this year, the council decided.
Currently, 5 per cent GST is levied on domestically manufactured vaccines, while in the case of COVID-19 drugs and oxygen concentrators it is 12 per cent. With regard to the individual items, the GST Council decided to constitute a group of ministers to go into the need for further relief to COVID-19 related individual items immediately.
The meeting took place after the 43rd meeting of the council…
