Maruti Suzuki India has decided to cut the price of the EECO ambulance by a whopping Rs 88 thousand. In fact, in the 44th meeting of the GST Council, the government reduced the rate of GST on ambulances from 28 percent to 12 percent.
The new price will be effective from June 14.
In the 44th meeting of the GST Council, the central government reduced the rate of GST on ambulances from 28 percent to 12 percent. Due to this, companies have now started cutting the prices of ambulances. Maruti Suzuki India (MSI) on Friday said it has reduced the price of the ambulance variant of its Eeco van by Rs 88,000 to Rs 6,16,875 (ex-showroom Delhi). Prices have been reduced in line with the reduction in GST on such vehicles.
The GST rate on Eco Ambulance has been reduced from 28 per cent to 12 per cent. Maruti Suzuki said in the information given to the stock market, “As per the reduction in GST, the ex-showroom price of Eco Ambulance has been reduced. Its revised price in Delhi will be Rs 6,16,875. This revised price is effective from June 14, the date of notification.
GST on ambulances cut to 12% from current 28%, says Finance Minister
— Press Trust of India (@PTI_News) June 12, 2021
On June 14, the Revenue Department of the Ministry of Finance notified the reduction in GST rate for the supply of 18 COVID related products. This includes hand sanitizer, pulse oximeter, test kit, ambulance and thermometer.
GST cut on these products
Let us inform that in the 44th meeting of the GST Council, the rate of GST on Remdesivir was reduced from 12 percent to 5 percent. GST was completely waived off on black fungus drug Tocilizumab, Amphotericin B medicines. The rate of GST for medical grade oxygen has been reduced from 12 per cent to 5 per cent. Apart from this, BiPaP will be applicable to machines, oxygen concentrators, ventilators, pulse oximeters. Apart from this, the GST on COVID Testing Kits, Hand Sanitizers, Temperature Check Equipments has been reduced to 5 percent.
Also read, Big news about 6th Pay Commission, all rules will be applicable from 1st July, benefit will be available from 1st January 2016
Also read, Big news! SBI will sell 6200 crore shares of Vijay Mallya on June 23, there is holding in these three companies, know what will be the effect on its investors