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Covid-19: Govt slashes IGST rate on oxygen concentrator imports for personal use Oxygen Concentrator
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Covid-19: Govt slashes IGST rate on oxygen concentrator imports for personal use

India Blooms News Service | @indiablooms | 02 May 2021, 01:22 am

New Delhi/IBNS: As India combats Covid-19, the demand for oxygen concentrators and other medical supplies has risen exponentially as the government uses all resources to increase oxygen supply. To ease this fight, the Union Finance Ministry Saturday reduced IGST (Integrated Goods and Services Tax) rate for imports of concentrators, an official statement said.

The Central Board of Indirect Taxes & Customs tweeted:"IGST on Import of Oxygen Concentrators for personal use has been reduced from 28% to 12% to bring IGST rate on such personal imports at par with commercial imports of the same.This reduced IGST rate for imports of concentrator for personal use shall be applicable upto the 30/6/21."