Dear Reader, today we are going to share the GST Rates Item Wise List 2021 PDF with you. Now a days it has become compulsory to pay GST on the goods and services, we are availing. Therefore, it is important to know the GST rates for all of us. GST is known as the Goods and Services Tax. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. GST has replaced many indirect taxes in India such as the VAT, excise duty, services tax, etc. GST is a single domestic indirect tax law for the entire country.
GST Rate revision in 42nd GST council meeting
The 42nd GST council meeting, the following decisions have been made regarding GST rates.
- The non-alcohol based sanitisers will continue to be taxed at an 18% GST rate.
- GST exemption provided to satellite launch services by ISRO, Antrix Corporation and New Space India Limite (NSIL) to encourage the space launching services in India.
In this meeting, some COVID-19 related decisions are also taken as given under:
GST Rates Item Wise List 2021 PDF
| Covid-related essentials | Present GST rate | Revised GST rate |
|---|---|---|
| Pulse oximeters | 12% | 5% |
| Hand sanitisers | 18% | 5% |
| Equipment to check body temperature | 18% | 5% |
| Furnaces for cremation and their installation | 18% | 5% |
| Ambulances | 28% | 12% |
GST rates Testing kits and Covid medicines:
| Covid-related medicines and testing kits | Present GST rate | Revised GST rate |
|---|---|---|
| Testing kits | 12% | 5% |
| Specified inflammatory diagnostic kits | 12% | 5% |
GST rates on oxygen and oxygen-related medical equipments:
| Oxygen and oxygen-related medical devices | Present GST rate | Revised GST rate |
|---|---|---|
| Medical grade oxygen | 12% | 5% |
| Oxygen concentrator or generator | 12% | 5% |
| Ventilators | 12% | 5% |
| Mak, canula, or helmet | 12% | 5% |
| BiPAP machine | 12% | 5% |
| High flow nasal canula device | 12% | 5% |
GST rates on Covid-related drugs:
| Covid-related drugs | Present GST rate | Revised GST rate |
|---|---|---|
| Tocilizumab | 5% | NIL |
| Amphotericin B | 5% | NIL |
| Heparin and other anti-coagulants | 12% | 5% |
| Remdesevir | 12% | 5% |
| Any other drugs recommended by ministry of health | NA | 5% |
To download the GST Rates Item Wise List 2021 PDF, click on the Download button given at the bottom of the page.