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GST ON OXYGEN CONCENTRATORS
CBIC notifies reduced GST rates on Covid-related medicines, equipmentThe Board has rescinded the notification imposing 12 per cent integrated goods and services tax (IGST) on oxygen concentrators, imported fo...- GST Council: No change in tax on vaccines, other Covid-related items like oximeters, concentrators see reductionGST Council cut tax rate from 12% to 5% on medical grade oxygen, BiPaP machines, oxygen concentrators, ventilators, pulse oximeter
- GST Council cuts rate on Covid related materials to 5%, leaves vaccine rate unchanged“Centre is buying and will provide it free to the people, GST will not be levied on the vaccination,” finance minister Nirmala Sitharaman t...
- GST Council to meet on June 12 to discuss tax cut on COVID essentials, black fungus medicineIn the previous meeting on May 28, the Council, which has state ministers as members, a Group of Ministers (GoM) was set up to recommend ta...
- GoM suggests cut in GST on Covid relief material to 5 per centThe GoM, headed by Meghalaya chief minister Conrad Sangma, has suggested reduction in GST rates of Covid relief material to 5% on items inc...
- SC stays HC order on levy of IGST on imported oxygen concentrators for personal useA special bench of Justices DY Chandrachud and M R Shah issued notice on the plea and sought response from the petitioner, who filed a PIL ...
- Had no criminal intent to cheat,Navneet Kalra tells court in oxygen concentrator blackmarketing caseKalra, through senior advocate Vikas Pahwa, told the court, "I had no criminal intent to cheat anyone. The government has benefited from my...
- Delhi HC asks government to place issue of IGST on oxygen concentrators in Friday GST council meetThe issue of IGST on oxygen concentrators may already be addressed by the GST council on Friday. The council could look at doing away with ...
- GST council may do away with tax on oxygen concentrators, but only prospectively: SourcesCurrently imported oxygen concentrators attract 12% IGST. Many states have been pushing for doing away with the IGST on imported oxygen con...
- GST Council may decide on IGST levy on oxygen concentrators imported for personal use on May 28The Delhi High Court last week said that imposition of 12 per cent Integrated GST (IGST) on oxygen concentrators for personal use or those ...
- Oxygen concentrator importers could fight tax in courtWhen many companies decided to import oxygen concentrators amidst the domestic shortage due to Covid pandemic in the country, they were fac...
- Govt seeing opportunity in crisis by imposing GST on COVID vaccines, medicines: CongressCongress spokesperson Gaurav Vallabh also claimed that had the government taken steps at the right time, the second wave of coronavirus wou...
- Importers drag Centre to court over oxygen concentrators tax, claim 'violation of rights’Only non-profit organisations registered under the Foreign Contribution (Regulation) Act (FCRA) are exempt from the IGST when importing oxy...
- Full GST, customs waiver for vaccines & Covid drugs counterproductive, will hurt consumers: Nirmala Sitharaman“If full exemption from GST were given, the domestic producers of these items would be unable to offset taxes paid on their inputs and inpu...
- GST waiver on Covid jabs, drugs will backfire: FM Nirmala SitharamanIn a set of 16 tweets on Sunday, she argued why a nominal GST was in the interest of manufacturers and citizens. GST rates vary from 5% on ...
- Non-FCRA listed NGOs may have to pay tax on foreign oxygen device giftsThe government has waived integrated GST and customs duty on oxygen concentrators that are gifted from overseas or imported. However, exper...
- Drop IGST on import of oxygen concentrators, Delhi HC tells CentreThe Delhi High Court on Wednesday asked the finance ministry to consider exempting oxygen concentrators imported by individuals for persona...
- ‘Room to cut tax further on imported O2 concentrators for personal use’Industry associations want the goods and services tax on oxygen concentrators imported for personal use to be slashed further — even after ...
- Government slashes IGST on oxygen concentrators for personal use to 12%"IGST on Import of Oxygen Concentrators for personal use has been reduced from 28 per cent to 12 per cent to bring IGST rate on such person...
- COVID-19: Govt permits oxygen concentrator imports via post, courier for personal use under gift categoryAn official press release from the ministry of commerce and industry stated that oxygen concentrators have been added to the list of exempt...
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