GST Fitment Committee not in favor of reducing GST rates on COVID vaccines

GST Fitment Committee not in favor of reducing GST rates on COVID vaccines Some other Important Points are as follows: There is no proposal to lower …

CA Deepak Gupta

May 25, 2021

Last update on May 25, 2021

GST Fitment Committee not in favor of reducing GST rates on COVID vaccines Some other Important Points are as follows:

There is no proposal to lower rates for hand sanitizers, ventilators, masks, PPE lits, RT-PCR machines
GST Fitment Committee may recommend status quo on rates for COVID-19-related Drugs
Also, discussion on GST slabs is not on the agenda of GST Council's May 28 meet
There is no proposal with the GST Council for the inclusion of ATF, natural gas & petroleum crude under GST
GST rate cut proposed for medical grade oxygen, oxygen concentrators, pulse oximeters, COVID testing kits. Proposed GST rate at 5% Vs current rate of 12%
IGST exemption if goods are supplied to centre, state govts. IGST exemption possible if supplies are not to profit hospital for COVID

About Author

CA Deepak Gupta

Co Founder

CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.