Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Union Budget 2026: Will Real Estate Get Affordable Housing, Rental Policy & Home Loan Tax Relief?

Centre forms 8-member panel to examine GST exemption on Covid material
May, 31st 2021

The group of ministers was constituted after several member states of the council, such as West Bengal and Punjab asked for exempting GST on all Covid-essential materials.

The Centre on Saturday constituted an eight-member ministerial panel under the convenership of Meghalaya chief minister Conrad K Sangma to examine Goods and Services Tax (GST) exemptions on a range of Covid-19 essentials such as vaccines, drugs, testing kits and ventilators, according to the Union finance ministry.

Other members of the group of ministers (GoM) are – Gujarat deputy chief minister Nitinbhai Patel, Maharashtra deputy CM Ajit Pawar, Goa transport minister Mauvin Godinho, Kerala finance minister KN Balagopal, Odisha finance minister Niranjan Pujari, Telangana finance minister T Harish Rao and UP finance minister Suresh Kr Khanna.

The GoM will submit its recommendations to the GST Council on or before June 8, the Union finance ministry said. After a protracted discussion on the issue of tax exemptions at the GST Council meeting on Friday, the apex federal body decided to form a committee to examine the merits of waivers on individual items.

According to its terms of reference, the GoM “will examine the need for GST concession/exemption” on Covid vaccines, drugs and medicines for Covid treatment, testing kits for Covid detection, medical grade oxygen, pulse oximeters, hand sanitisers, oxygen therapy instruments (concentrators, generators and ventilators), PPE kits, N95 masks, surgical masks, thermometers and any other items required for Covid relief.

While vaccines and cotton masks attract 5% GST, most of these items fall in the 12% tax slab. Testing kits, drugs, medical oxygen, oxygen concentrators and ventilators fall under the 12% tax bracket. Alcohol-based sanitisers, hand wash gels, disinfectants and thermometers attract 18% GST.

The group of ministers was constituted after several member states of the council, such as West Bengal and Punjab asked for exempting GST on all Covid-essential materials.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting