IGST Reduced to 12% on import of oxygen concentrators for personal use

2 minutes, 13 seconds Read

IGST Reduced to 12% on import of oxygen concentrators for personal use. IGST on import of Oxygen Concentrators for personal use reduced from 28% to 12%. The official notification released by CBIC:

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 30/2021-Customs

New Delhi, the 1st May, 2021

G.S.R. (E)…- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table below, falling within the Chapter, heading, sub–heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) specified in column (2) of the said Table, when imported into India, from so much of the integrated tax leviable thereon under sub-section (7) of section 3 of the said Customs Tariff Act, read with section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, namely-

TABLE

S.No.Chapter,
heading, at-
heading or tariff
item
DescriptionIGST rate
(1)(2)(3)(4)
1.9804Oxygen concentrator, imported for personal use12%

This notification shall remain in force upto and inclusive of the 30th June, 2021

[F.No. CBIC-190354/1/2021-TO(TRU-I)-CBEC]

(Gaurav Singh)

Deputy Secretary to the Government of India

To read official notification click here


Also read other articles @ EduTaxTuber

How To Create Multiple Ledgers in Tally Prime?
In this article, we will discuss that how we can create multiple ledgers in Tally Prime. If we create multiple ledgers then we can save our time on the other hand If we create a single ledger then it will …
TallyPrime: Important Shortcut Key ALT + G or GO To
In this article, we will discuss the new and unique shortcut key ALT + G or GO To in the TallyPrime. With the help of the ALT + G shortcut key, you can navigate in tally anywhere. ALT + G …

If you want to make the lower case, The Excel LOWER function Converts all uppercase letters in a text string to lowercase. It ignores space, numbers, and punctuation. Visit this link – Excel LOWER Function.

The Excel PROPER function Capitalizes the first letter in a text string and any other letters in the text that follow any character other than a letter. It Converts all other letters to lowercase letters. Visit this link – Excel PROPER Function

Create TDS Nature of Payment

From the gateway of Tally press “C” then select “TDS Nature of Payments” under the Statutory Masters and press Enter. OR Press “ALT + G” select Create Master press Enter and select “TDS Nature of Payment” under the Statutory Masters and hit the enter button.

How To Check PM- Kisan Samman Nidhi Yojna Beneficiary Status

In this article we will see in detail how to check “PM- Kisan Samman Nidhi Yojna” beneficiary status i.e. whether money is received or not. You can check it Online. You can check in three ways i.e using 1. Aadhar Number, 2. Bank Account Number, and 3. Mobile Number.…. Read More

author

EduTaxTuber Team

We are here to help for every updates related to everything...👍📙👍📗

Similar Posts

Leave a Reply

Realme 10 Pro and 10 Pro+ Launched RBI Monetary Policy Highlights England vs Senegal: FIFA World Cup 2022 No Curfew in Mumbai: Section 144 Imposed to ensure Peace Elon Musk suspends Kanye West Twitter Account for inciting violence