scorecardresearch
Follow Us:
Sunday, May 16, 2021

IGST slashed on oxygen concentrators for personal use

“IGST on Import of Oxygen Concentrators for personal use has been reduced from 28 per cent to 12 per cent to bring IGST rate on such personal imports at par with commercial imports of the same, the Central Board of Indirect Taxes and Customs (CBIC) tweeted.

By: ENS Economic Bureau | New Delhi |
May 2, 2021 4:19:27 am
This reduced IGST rate for imports of concentrator for personal use shall be applicable up to June 30.

The government on Saturday slashed Integrated GST rate on oxygen concentrators for personal use to 12 per cent, from 28 per cent earlier, for two months till June 30.

“IGST on Import of Oxygen Concentrators for personal use has been reduced from 28 per cent to 12 per cent to bring IGST rate on such personal imports at par with commercial imports of the same, the Central Board of Indirect Taxes and Customs (CBIC) tweeted.

This reduced IGST rate for imports of concentrator for personal use shall be applicable up to June 30. The government had last month waived customs duty on import of medical grade oxygen, oxygen concentrator and related equipment.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
Advertisement
Advertisement
Advertisement
Advertisement
x