Center Government Grants Exemption. IGST. Imports COVID19 relief materials | IGST waives on medical equipment coming from abroad as a charity, many items from ventilators to vaccines in the list

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  • Center Government Grants Exemption. IGST. Imports COVID19 Relief Materials

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The photo is of an oxygen production plant and 20 ventilators arrived at Delhi Airport as help from Italy.

The government has exempted the Integrated Goods and Services Tax (IGST) till June 30 on many medical equipment coming from abroad as a charity. Finance Minister Nirmala Sitharaman gave this information on Monday. He said that many institutions and businessmen from abroad had requested the government for this. Now there will be no tax on goods coming from abroad, which are to be distributed free as a charity in India. Earlier, the government had announced waiving of custom duty on import of medical grade oxygen, oxygen concentrator and its related equipment. However, the government has not said anything about the medical equipment that is needed in the fight against Corona and the hospitals are getting them from abroad.

Discount on these items related to oxygen
Medical oxygen, oxygen filling systems, oxygen storage tanks, oxygen generators, oxygen canisters, oxygen cylinders, any oxygen production machine, oxygen concentrator, flow meter, regulator, connector and tube, pressure swing observation (PSA) oxygen plant, Cryogenic Oxygen Air Separation Units, Containers Used for Shipping, Inflammatory Diagnostic Kits.

Ventilator accessories
Ventilators, helmets used in ventilators, ventilator masks used in ICU

Injection and vaccine
Kovid-19 Vaccine, Remadecivir Injection, Active Pharmaceutical Ingredients (APIs) for the production of Remadecivir, Ingredient SBEBCD for Remadecivir.

IGST was reduced on oxygen concentrator a day earlier
The government on Sunday cut the Integrated Goods and Services Tax (IGST) on oxygen concentrators imported for personal use. The government reduced the IGST on oxygen concentrators to 12% from 28%. This reduced rate will also be applicable till 30 June 2021.

Bhupegh Baghel wrote a letter to Nirmala Sitharaman
Chhattisgarh Chief Minister Bhupesh Baghel has written a letter to Union Finance Minister Nirmana Sitharaman. In the letter, he has asked for 3 months deferment of loan installment of those operating small and medium industries. He wrote in the letter that due to the lockdown, traders associated with small industries are incurring losses. In such a situation, they should get at least three months relief from loan installments.

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