Boxes of Remdisivir anti-viral drug | Photographer: Sima Diab | Bloomberg
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New Delhi: The GST Council on Saturday slashed the tax rate on COVID-19 medicines such as Remdesivir and equipment like oxygen concentrators and medical grade oxygen.

While GST on Tocilizumab and Amphotericin B is slashed to nil from 5 per cent, the rate on Remdesivir and anti-coagulants like Heparin is lowered from 12 per cent to 5 per cent.

Tax on medical grade oxygen, oxygen concentrators, ventilators, BiPAP machines and high flow nasal cannula (HFNC) devices has been cut to 5 per cent from 12 per cent, Finance Minister Nirmala Sitharaman said.

Also, tax on Covid testing kits has been brought down to 5 per cent from 12 per cent.

Pulse oximeters, hand sanitisers, temperature check equipment and ambulances too will attract lower 5 per cent tax, she said.


Also read: GST Council likely to discuss tax cuts on Covid goods, revenue shortfall to states on Friday


 

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