GST Rates Item Wise List 2021

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

GST rates on Covid-related Items:

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.

Leave a Comment