GST Council to meet Saturday,
discuss tax exemption on Covid-19 essentials
Goods and Services Tax (GST) Council is likely to consider the taxation of
Covid-19 relief essentials in its next meeting scheduled for June 12.
meeting is expected to deliberate the exemption and concession on Covid-related
items, following the recommendation submitted by the Group of Ministers (GoM)
recommendation is yet to be made public, but it is learnt that the issue of
taxing the vaccine has been sent back to the Council. However, it suggested
temporarily reducing the GST rate to 5 per cent on commercial imports and
domestic supply of Coronavirus (Covid-19) medicines and material, including
medical oxygen, oxygen concentrators, pulse oximeters and testing kits.
headed by Meghalaya Chief Minister Conrad Sangma has not made any concrete
recommendations on vaccine rates, but the demand of some states to lower it may
be practically met after the change in vaccination policy.
Centre will now procure 75 per cent of all the vaccines produced in the country
and provide them to states for free. However, the private procurement of 25 per
cent of vaccines would require a payment of 5 per cent GST. The issue of GST
rate on vaccines will now be discussed in the upcoming meeting.
includes Gujarat Deputy CM Nitinbhai Patel, Maharashtra Deputy CM Ajit Pawar,
Goa Transport Minister Mauvin Godinho, Kerala Finance Minister KN Balagopal,
Odisha Finance Minister Niranjan Pujari, Telangana Finance Mminister T Harish
Rao and UP Finance Minister Suresh Kumar Khanna.