Moneycontrol PRO
UPCOMING EVENT:Attend Traders Carnival Live. 3 days 12 sessions at Rs.1599/-, exclusive for Moneycontrol Pro subscribers. Register now!
you are here: HomeNewsIndia

Haryana Deputy CM Dushyant Chautala writes to Nirmala Sitharaman for GST exemption on oxygen concentrators

In his letter, the Jannayak Janta Party leader, whose party is a coalition partner of the BJP in Haryana, conveyed his gratitude to the Government of India for slashing the Integrated GST rate on oxygen concentrators for personal use to 12 per cent, from 28 per cent earlier, for two months.

May 03, 2021 / 08:56 AM IST

Haryana Deputy Chief Minister Dushyant Chautala wrote to Union Finance Minister Nirmala Sitharaman, urging the Centre to consider exempting GST on oxygen concentrators to make these machines more affordable for the public amid the raging COVID-19 pandemic.

"As we know that most of the oxygen concentrators are not produced domestically and large quantities of such concentrators are being imported presently in view of the current pandemic crisis, I request you to consider exempting GST on oxygen concentrators for the time being thereby making oxygen concentrators more affordable for the public," Chautala wrote in his letter, which he put on his Twitter handle.

In his letter, the Jannayak Janta Party leader, whose party is a coalition partner of the BJP in Haryana, conveyed his gratitude to the Government of India for slashing the Integrated GST rate on oxygen concentrators for personal use to 12 per cent, from 28 per cent earlier, for two months.

This reduced IGST rate for imports of concentrators for personal use shall be applicable up to June 30.

Close

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

The government had last month waived customs duty on import of medical grade oxygen, oxygen concentrator and related equipment.

Under the Goods and Services Tax (GST), the tax levied on consumption of goods or rendering of service is split 50:50 between the Centre and the state.

On interstate movement of goods as well as imports, an Integrated-GST or IGST is levied, which accrues to the Centre. The amount paid as IGST can be utilised by businesses for claiming credit while making CGST or SGST payments at the time of actual sale.

The government on Friday had allowed imports of oxygen concentrators for personal use through post, courier or e-commerce portals under the gift category amid increasing demand for oxygen due to rising COVID-19 cases.

Demand for oxygen-related equipment has been increasing in the wake of the second wave of the pandemic.
PTI

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark