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Sunday, January 23, 2022

Government reduced tax on corona life saving machine which makes oxygen from air

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Oxygen Concentrator tax cut: IGST has been reduced from 28% to 12% on the import of oxygen concentrator for personal use.

This deduction has been done till 30 June.

In this time of crisis, the demand for oxygen concentrator is like medicine and keeping in mind the situation, the government is also giving many discounts on it. In this regard, the government on Saturday reduced the IGST on the import of oxygen concentrator for personal use from 28 per cent to 12 per cent. This deduction has been done till 30 June.

The Central Board of Indirect Taxes and Customs (CBIC) tweeted, “IGST on import of oxygen concentrator for personal use has been reduced from 28% to 12%”. The latest rate will be applicable till 30 June. The government last month waived customs duty on the import of oxygen, oxygen concentrator and related equipment useful in medical operations.

An oxygen concentrator is a machine that does not require oxygen to be filled, but this machine generates oxygen on its own. It separates nitrogen from normal air to produce a gas with a lot of oxygen. With the pipe in the machine, it reaches the patients with shortness of breath and gets comfortable. It can look like a portable trolley or it can look like the size of a computer or a small water purifier. Companies prepare it in different models.

Also read, India’s exports increased 3-fold in April, although trade deficit reached $ 15.24 billion, read full report

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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