GoM suggests cut in GST on Covid relief material to 5 per cent
An eight-member group of ministers (GoM) set up to decide Goods and Services Tax reduction on Covid relief materials has recommended that the GST on vaccines be determined by the GST Council and has therefore referred the matter back to the Council, said people aware of the details.
The GST Council should decide the rate on vaccines, it has been recommended by GoM,” a senior official said, asking not to be named. The GST Council will have to meet again to take a decision on this aspect.
The GoM, headed by Meghalaya chief minister Conrad Sangma, has further suggested a reduction in GST rates of Covid relief material to 5% on items including medical grade oxygen, oxygen concentrators, pulse oximeters, and Covid testing kits, the official added.
The fitment committee of the GST Council had last month recommended a reduction in the items to 5% till July, and till August for Covid-19 testing kits. It had not recommended any change in the rate of PPE kits, hand sanitizers, ventilators, N95 surgical masks, and ambulances.
