New Delhi: The Goods and Services Tax (GST) Council last week had constituted a group of ministers (GoM) in order to decide on the rates of COVID-19 relief material. The panel has recommended no change in GST on vaccines. The details of the report submitted by the panel have been exclusively accessed by Times Now.Currently, 5% GST is levied on domestically manufactured vaccines, while it is 12% for COVID drugs and oxygen concentrators.This report is on the agenda of the GST council meet tomorrow. A decision on GST on Covid-19 vaccines, medicines, etc. will be taken.Despite opposition demanding no GST on vaccines 8 member panel has recommended that GST on vaccines should continue.GoM has recommended that the current rates on items like 5% GST on PPE kits, N95 masks & surgical masks, and 28% GST on ambulances should also continue It recommends GST on Tocilizumab & Amphotericin B should be zero and on Anti-Coagulants like Heparin. Further, GOM has recommended levying a 5% GST on Remdesivir.It also seeks a cut on GST on oximeter, medical oxygen, concentrators & ventilators
Briefing reporters after the 43rd meeting of the GST Council, the finance minister Nirmala Sitharaman last week had said a ministerial panel will be constituted to decide on the rates on the vaccines and medical supplies.The panel consists of Conrad Sangma, Chief Minister of Meghalaya as the Convenor along with the following members:-Nitinbhai Patel, Deputy Chief Minister, Gujarat-Ajit Pawar, Deputy Chief Minister, Maharashtra-Mauvin Godinho, Minister for Transport & Panchayati Raj, Housing, Protocol and Legislative Affairs, Goa-K.N. Balagopal, Minister for Finance, Kerala-Niranjan Puiari, Minister for Finance and Excise, Odisha Member-Harish Rao, Minister for Finance, Telangana-Suresh Khanna, Minister for Finance, U. P.