Items and Providers Tax (GST) council on Saturday slashed tax on pulse oximeter, oxygen concentrator, and all different COVID-19 associated medical units. GST on these COVID associated medical units has been lower to five % from 12 %.
The council introduced that the tax lower is legitimate until September 30. The council additionally said that the cuts will be prolonged additional relying on the state of affairs.
GST lower on pulse oximeter and extra
In the course of the assembly on Saturday, Finance Minister Nirmala Sitharaman introduced the tax lower on medical grade oxygen, oxygen concentrators, ventilators, BiPAP machines and excessive movement nasal cannula (HFNC) units from 5 % from 12 %.
Sitharaman highlighted tax lower on important medical units associated to COVID comparable to pulse oximeters, temperature examine gear and likewise hand sanitisers and ambulances. The GST on all these items has been lower to five %.
FM additionally knowledgeable to convey down the tax on Covid testing kits from 12 % to five %. Moreover, GST on Tocilizumab and Amphotericin B has been introduced right down to Nil from 5 %.
Different COVID associated medicine together with Anti-Coagulants like Heparin, Remdesivir, amongst others have additionally acquired a tax lower from 12 % to five %. Effectively, this could come a sigh of aid for individuals and households battling with COVID.
To recall, as quickly because the second COVID-19 wave hit the nation, we witnessed how costly medical units comparable to pulse oximeter, oxygen concentrator, amongst others bought.
There was a time that to get an excellent pulse oximeter, patrons needed to pay round Rs 2000 to Rs 3000. So, in case you are trying to purchase COVID associated units comparable to pulse oximeter, oxygen concentrator, infrared thermometer, amongst others there are a number of web sites that promote such merchandise. These medical units are available on offline shops throughout the nation.