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
April 8, 2020 / GST News
All Pending Income Tax Refunds up to Rs 5 Lakhs
IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately ; Around 14 lakh taxpayers to benefit.
Read More
March 24, 2020 / GST News
GST Return Due Dates 2020
The government has extended deadline for filing March, April and May 2020 GST returns to June 30, 2020.
Read More