Major Rates change in the Goods & Services in the 45th GST Council Meeting: A compilation

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Major Rates change in the Goods & Services in the 45th GST Council Meeting: A compilation

 

The GST Council’s 45th meeting was held under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman at Lucknow.   In this meeting there were changes on the rates of various items,  as under:
Major recommendations on GST rate changes in relation to Goods [w.e.f 1.10.2021 unless otherwise stated]
S. No.
Description
From
To
GST rate changes
1.
Retro fitment kits for vehicles used by the disabled
Appl. rate
5%
2.
Fortified Rice Kernels for schemes like ICDS etc.
18%
5%
3.
Medicine Keytruda for treatment of cancer
12%
5%
4.
Biodiesel supplied to OMCs for blending with Diesel
12%
5%
5.
Ores and concentrates of metals such as iron, copper, aluminum, zinc and few others
5%
18%
6.
Specified Renewable Energy Devices and parts
5%
12%
7.
Cartons, boxes, bags, packing containers of paper etc.
12%/18%
18%
8.
Waste and scrap of polyurethanes and other plastics
5%
18%
9.
All kinds of pens
12%/18%
18%
10.
Railway parts, locomotives & other goods in Chapter 86
12%
18%
11.
Miscellaneous goods of paper like cards, catalogue, printed material (Chapter 49 of tariff)
12%
18%
12.
IGST on import of medicines for personal use, namely
i. Zolgensma for Spinal Muscular Atrophy
ii. Viltepso for Duchenne Muscular Dystrophy
iii. Other medicines used in treatment of muscular atrophy recommended by Ministry of Health and Family Welfare and Department of
Pharmaceuticals.
12%
Nil
13.
IGST exemption on goods supplied at Indo-Bangladesh Border haats
Appl. rate
Nil
14.
Unintended waste generated during the production of fish meal except for Fish Oil
Nil (for the period 1.7.2017 t0
30.9.2019)
 Further, COVID-19 relief measure in form of GST rate concessions
Extension of existing concessional GST rates (currently valid till 30th September, 2021) on following Covid-19 treatment drugs, up to 31st December, 2021, namely-
  1. Amphotericin B -nil
  2. Remdesivir – 5%
  3.  Tocilizumab -nil
  4. Anti-coagulants like Heparin – 5%
2. Reduction of GST rate to 5% on more Covid-19 treatment drugs, up to 31stDecember, 2021, namely-
  1. Itolizumab
  2. Posaconazole
  3. Infliximab
  4. Favipiravir
  5. Casirivimab & Imdevimab
  6. 2-Deoxy-D-Glucose
  7. vii. Bamlanivimab & Etesevimab
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