InvestorQ : Do you see the GST on oxygen cylinders going down in the next council meet?
swati Bakhda made post

Do you see the GST on oxygen cylinders going down in the next council meet?

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Sam Eswaran answered.
3 weeks ago
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In its next meeting on 28 May during this week, the GST Council is expected to take a final view on the recent levy of 12% tax on oxygen concentrators imported for personal use. Earlier, the Delhi High Court had already ruled that an imposition of 12% on oxygen concentrators was unconstitutional since the broad intent had been to make such imports tax-free and hence singling out this aspect for tax was not a good precedent.

On 01 May, Finance Ministry imposed 12% IGST on oxygen concentrators imported for personal use or received as gift. This had resulted in many objections from people in genuine need. Most of the indirect tax experts believe that the GST Council will exempt IGST on such imports as revenue implications are likely to be very small.

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