Finance Minister Nirmala Sitharaman on Saturday said that the Centre will buy the 75 per cent Covid-19 vaccine as announced earlier and will also pay their GST. But 70 per cent of the income from GST will be shared with states.
She also added that the 5 per cent GST on vaccines will stay.
Tax on medical grade oxygen, oxygen concentrators, ventilators, BiPAP machines and high flow nasal cannula (HFNC) devices has been cut to 5 per cent from 12 per cent, Finance Minister Nirmala Sitharaman said.
Also, tax on Covid testing kits has been brought down to 5 per cent from 12 per cent.
Pulse oximeters, hand sanitisers, temperature check equipment and ambulances too will attract lower 5 per cent tax, she said.
(Published 12 June 2021, 11:03 IST)