Business

After waiving the custom duty, the government decided to waive the GST on Kovid Relief Material.

The government has decided not to take IGST on some products related to Corona till June 30, 2021. An order has been issued by the Finance Ministry regarding this. It said that many representations outside India had appealed to the government to forgive the IGST on the Covid-19 relief material. Custom duty has already been waived.

NGOs, which are supporting companies in Kovid Crisis, said that IGST should be forgiven for the help they are getting from outside for free. The central government has announced an adhoc exemption on Monday. According to this, if any good related to the foreigner’s Kovid relief comes for free delivery, then IGST will not be imposed on it.

IGST relief on import of free delivery goods

The order issued by the government said that if any goods have already been imported, but the clearance has not been done by 3 May, then it will also get relief from IGST. Apart from this, the State Government has been asked to appoint a Nodal Officer, who should get free distribution of Kovid Relief Material properly. The importer will first need a certificate from the nodal authority. Only after showing it, you will get GST free clearance from custom.

Earlier, custom duty and health cess waived on many things

Earlier, the government has custom-made many medicines and products used in the treatment of corona. The government has decided to completely waive basic customs duty (import duty) and health cess on oxygen imports for the next three months. The import duty waiver has also been announced on oxygen related equipment. Apart from this, the government has also decided to waive basic custom duty on the Corona vaccine. Custom duties and health cess are waived on many things including remedesavir injection, API, oxygen therapy equipment.

read this also, After the release of RBI bond, this bank’s bright star, 3 times jump in profit, best return in its competitor

read this also, By earning only 10 thousand rupees, people earned 1 lakh 40 thousand rupees from this share, got a spectacular return of 1300% in one year

The post After waiving the custom duty, the government decided to waive the GST on Kovid Relief Material. appeared first on TV9 Hindi.

https://platform.twitter.com/widgets.js

Related Articles