GST ON IMPORTED OXYGEN CONCENTRATORS

Subject: Economy

Context: IGST Imposition On Import of Oxygen Concentrators As Gift For Personal Use Unconstitutional: Delhi High Court.

Concept:

It said that oxygen concentrators constitute a life-saving device during the COVID-19 pandemic and during a pandemic, a different approach needs to be adopted.
The petitioner had challenged a May 1 notification that levied 12% GST on such imports from 28% earlier. He invoked Article 21 of the Constitution which enshrines the fundamental right to life.
The court had asked the government to consider temporarily dropping the 12% GST levied on such imports altogether, citing the shortage of oxygen in the second wave of the pandemic.

IGST

IGST or Integrated Goods and Services Tax is one of the three components of Good and Services Tax. It is levied on all the inter-state transfer of goods and services and is governed by the IGST Act.
IGST will be applicable on any supply of goods and/or services in both cases of import into India and export from India.
Under IGST,
Exports would be zero-rated.
Tax will be shared between the Central and State Government.