New Delhi: An eight-member ministerial panel underneath Meghalaya Chief Minister Conrad Sangma will examine the need for exempting GST or slicing price on Covid essentials like vaccines, medication, hand sanitisers, masks, PPE kits and oxygen associated gear.
The GST Council in its assembly on May 28 had determined to set up a Group of Ministers (GoM), which is able to submit its report by June 8.
“As a follow up of the decision of the GST Council at its 43rd meeting, a Group of Ministers (GoM) has been constituted to examine the issue of GST concession/exemption to COVID relief material,” the Finance Ministry mentioned.
As per its phrases of reference (ToR), the GoM would examine whether or not a GST price cut or exemption could be required for medical grade oxygen, pulse oximeters, hand sanitisers, oxygen remedy gear like concentrators, ventilators, PPE kits, N-95 and surgical masks and temperature checking gear.
Besides, the panel would additionally look into Covid vaccines, medication and medicines for Covid remedy and testing kits for Covid detection.
The different members of the GoM are Gujarat Deputy Chief Minister Nitinbhai Patel, Maharashtra Deputy Chief Minister Ajit Pawar, Goa Transport Minister Mauvin Godinho, Finance Ministers of Kerala (Okay N Balagopal), Odisha (Niranjan Pujari), Telangana (T Harish Rao) and UP (Suresh Kr Khanna).
The GST Council on Friday left taxes on COVID-19 vaccines and medical provides unchanged after the BJP and Opposition-ruled states sparred over whether or not the tax cut advantages will attain the frequent man.
Congress and different Opposition dominated states have been demanding a discount in taxes however the central authorities felt the transfer might not end in tangible positive factors for folks.
Currently, 5 per cent GST is levied on domestically manufactured vaccines, whereas it’s 12 per cent for COVID medication and oxygen concentrators.
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