The Goods Services Tax GST Council approved a reduction of the direct tax rate on medical grade oxygen BiPaP machines oxygen concentrators ventilators pulse oximeters COVID testing kits from 12 to 5. GST Council slashed tax rate from 12 to 5 on medical grade oxygen BiPaP machines oxygen.
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The Government rescinded the Custom Notification imposing 12 IGST on Oxygen concentrators imported for personal use.
Oxygen concentrator gst rate. Goods and Services Tax GST council on Saturday slashed tax on pulse oximeter oxygen concentrator and all other COVID-19 related medical devices. IGST rate on import of oxygen concentrator for commercial use too is taxed at 12 per cent. This notification is a result of the 44th GST Council met under the Chairmanship of Union Finance Corporate Affairs Minister Smt.
There are thousands of cases where Oxygen Concentrator were imported during the period from 132021 to 1362021 on payment of 2812 IGST gifted for personal use in the wake of covid pandemic where the Govt. Ozone therapy oxygen therapy aerosol therapy artificial respiration or other therapeutic respiration apparatus. COVID 19 Test kits.
The IGST rate for commercial imports of oxygen concentrators is 12 but 28 if imported for personal use the generic rate on goods imported for personal use except drugs and medicines. Typically the oxygen concentrator will be with the employee for a couple of days or few weeks without any amount being charged and subsequently the employee will return the concentrator to the company. Diagnostic reagents based on immunological reactions.
PTI File Photo The government on Saturday slashed Integrated GST rate on oxygen concentrators for personal use to 12 per cent from 28 per cent earlier for two months till June 30. Under Goods and Services Tax GST the tax levied on consumption of. Producer gas or water gas generators with or without their purifiers.
The petitioner in the case a senior citizen whose nephew had shipped him a concentrator as a gift had challenged a May 1 notification that levied 12 GST on such imports from 28 earlier. Was under positive obligation to take ameliorative measures to protect and preserve the health of Citizens of India. Acetylene gas generators and similar water process gas generators with or without their purifiers excluding coke ovens electrolytic process gas generators and carbide lamps Products Include.
Lets look at the present mechanism and what it says is that at present GST is leviable on COVID vaccines 5 and on oxygen concentrators and other COVID related drugs 12. At present various companies are importing oxygen concentrators for use of their employees and family members at the GST rate of 12 per cent. GST rates for all HS codes.
The government on Saturday slashed Integrated GST rate on oxygen concentrators for personal use to 12 per cent. 80 linhas CGST Rate. COVID 19 Test kits Instruments and apparatus used in Diagnostic Testing.
GST on these COVID related medical devices has. Tax rates are sourced from GST website and are updated from time to time. Search HSN code for Oxygen Concentrator in India.
In agreement with WHO classification which provides detailed description of the product Oxygen Concentrators such product should be classified under 901920 and should be exigible at the rate of 12 IGST at the time of import. You can search GST tax rate for all products in this search box. Nirmala Sitharaman via video conferencing on 12th June 2021 via video conferencing in New Delhi.
You have to only type name or few words or products and our server will search details for you. The Customs Notification which reduced the IGST rate on Oxygen Concentrator imported in India for personal use from 28 to 12 has been rescinded and GST rate on all the Oxygen Concentrators generators whether imported for personal use or not has been reduced to 5 IGST and 25 CGST UTGST. You are adviced to double check rates with GST rate.
Govt slashes IGST on oxygen concentrators for personal use to 12. If the same are imported for personal use under HSN 9804 unless gifted rate of 28 shall be applicable. COVID 19 Test kits.
Diagnostic reagents based on polymerase chain reaction PCR nucleic acid test.
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