IGST on oxygen concentrators imported for personal use reduced

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IGST on import of oxygen concentrators for personal use has been reduced from 28 per cent to 12 per cent to bring the rate on such personal imports at par with commercial imports of the same, said the Central Board of Indirect Taxes and Customs (CBIC).This reduced IGST rate shall be applicable till June. The government had last month waived Customs duty on import of medical grade oxygen, oxygen concentrators and related equipment.Under the Goods and Services Tax (GST), the tax levied on consumption of goods or rendering of service is split 50:50 between the Centre and the state, as per a report.