Approximately GST Rate for the PPE Kits is 5%, there is 18 percent GST Rates on sanitizers and 5 percent on face masks.
Goods and Services Tax in India is taxed at four separate rates NIL, 5%, 12% and 18% on medicines and medical supplies. NIL rate is charged on blood and its by-products, and all contraceptives.
The lowest GST rate of 5 % is charged on life-saving drugs like vaccines and medicines like those for tuberculosis, AIDS, diabetes, malaria among others.
The highest GST at the rate of 18% is charged only on the medicines, like nicotine gums, which contain nicotine polacrilex.
Although GST is charged at the rate of 28% on some other products and services under GST but the rate is not charged on any medicines or medical supplies.
Other Latest News
December 31, 2020 / GST News
Government extended the deadline to file ITR for individuals & businesses, Check New Dates
Government extended the deadline to file ITR for individuals & businesses, Check New Dates on this page.
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December 23, 2020 / GST News
CBIC waives fee payable on late filing of GSTR-4 for businesses in Ladakh until 31st December 2020
CBIC waives fee payable on late filing of GSTR-4 for businesses in Ladakh until 31st December 2020
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December 23, 2020 / ITR News
CBDT has notified that the total ITR filed till 21st December 2020 is 3.75 crores
The Central Board of Direct Taxes has notified that the total Income Tax Returns filed till 21st December 2020 for AY 2020-21, is 3.75 crores. Read the ITR-Wise break-up of the figure below:
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May 25, 2020 / GST News
Governor Shaktikanta Das Press Conference Highlights
Reserve Bank of India’s present governor Shaktikanta Das called for a press conference on May 22 to announce some major steps to revive the falling economy.
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May 18, 2020 / GST News
Government to Clear Pending Refunds for IT Department
The authorities will immediately release the refund for up to Rs 5 Lakh, and some 14 Lakh taxpayers will get the benefit after the release of pending refunds.
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May 16, 2020 / GST News
Quick Review of the Economic Package of 20 Lakh Crore
Is PM’s Economic Package beneficial for ‘Tax Payers’? Quick Review of the New Stimulus Economic Package of 20 Lakh Crore.
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May 16, 2020 / GST News
Extended date of the Income Tax Return (ITR) 2020
The date for Income Tax Return Filing has been extended to November 30, 2020, The finance minister said.
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April 13, 2020 / GST News
GST Rate on PPE KIT Face Mask and Sanitizers
Current GST Rate on PPE KIT Face Mask, Sanitizers and other medical equipments.
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April 10, 2020 / GST News
GST Filing Important dates 2020
GST Filing Important dates 2020.
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April 10, 2020 / GST News
GST Filing Dates extended for providing relief to Taxpayers
Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings.
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