Govt may not need special borrowing window for GST compensation to states
New Delhi The government on Monday waived Integrated GST (IGST) till June 30 on the import of Covid-related relief material donated or received free of cost from outside India for free distribution.The Finance Ministry in a statement said the government had received a number of representations from charitable organisations, corporate entities, and other Associations/ entities outside India seeking exemption from IGST on the import of Covid-19 relief material, donated/received free of cost from outside India for free distribution.
"Accordingly, the Central Government has granted exemption from IGST on import of such goods received free of cost for free distribution for covid relief," it said, adding the exemption would be applicable till June 30. This exemption would also cover goods already imported but lying uncleared at the Customs ports.
