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DRUG GST CHANGES
Top private hospitals may drop out of government health plansPrivate hospitals in India are feeling the pinch as government health schemes yield diminishing returns. This downturn provokes a critical ...- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Piyush Goyal questions Tamil Nadu finances, unveils white paper, attacks DMK over 'family rule'Union Minister Piyush Goyal has sharply criticized the DMK government in Tamil Nadu. He questioned Chief Minister MK Stalin about the state...
- GST rejig marks key shift towards making cancer care affordable, AIIMS researchers saysAIIMS researchers highlight recent GST reforms, including tax exemptions on cancer drugs and medical equipment, aiming to make cancer care ...
- Pharma sector hails GST cut as a landmark move toward affordable healthcareGST rates on 33 life-saving drugs have been reduced to zero, while rates on other medicines and diagnostics have been cut to 5%. The indust...
- Drug, medtech companies fear GST changes may squeeze fundsPharma and medtech sectors are concerned about upcoming Goods and Services Tax changes. They anticipate higher operating costs and working ...
- NPPA asks companies to cut prices of three cancer drugs post tax reliefIn a move aimed at providing relief to cancer patients, the National Pharmaceutical Pricing Authority (NPPA) has directed drug manufacturer...
- Govt asks manufacturers to cut price of 3 anti-cancer drugsThe government has directed manufacturers to lower prices of Trastuzumab, Osimertinib, and Durvalumab after exempting them from customs dut...
- GST Council agrees to levy 28% tax on online gaming on full face valueWest Bengal finance minister Chandrima Bhattacharya said the Council has also approved the exemption of GST on import of cancer drug Dinutu...
- CBIC notifies GST hike on green gear including solar panelsSolar panels and modules, bio-gas plants, solar power generators, windmills, solar lamps, tidal waves energy devices or plants and their pa...
- GST Council Meet: Tax reduction on life saving drugs, and other key highlightsReducing taxes on life-saving medicines, bringing petrol and diesel within the ambit of indirect tax, rationalizing an inverted duty struct...
- GST Council: No GST on petrol, diesel yet, compensation cess till 2026Finance minister Nirmala Sitharaman highlighted that the cess collected from July 2022 till March 2026 will be used solely for repayment of...
- Will petrol and diesel come under GST? Council to take call in first in-person meeting since start of pandemicThe GST council may decided today on a range of topics including whether to include petroleum products under GST ambit which will significa...
- NPPA directs manufacturers, marketing cos to pass on benefit of reduced GST to customersManufacturers can ensure price compliance at retailer level through revised price list, the authority said in an office memorandum issued W...
- GoM suggests cut in GST on Covid relief material to 5 per centThe GoM, headed by Meghalaya chief minister Conrad Sangma, has suggested reduction in GST rates of Covid relief material to 5% on items inc...
- Opposition states to seek GST waiver for COVID-19 goodsRajasthan, Chhattisgarh, Punjab, Jharkhand, West Bengal, Kerala, Tamil Nadu and Maharashtra came together on Wednesday to frame a joint str...
- Plea in SC for GST exemption on COVID-19 related drugs, medical equipmentThe application sought direction to the Centre to issue appropriate ad-hoc guidelines, orders or notifications "exempting COVID-19 related ...
- GST may lead to drug shortage; chemists not keeping stock: Kiran Mazumdar-Shaw, BioconShaw said in the run up to the GST, pharmaceutical firms have taken a huge hit on their businesses in June as a result of pharmacists decli...
- No price change in 78% of actively used drugs post GST: NPPAThese prices will be notified as formal revised ceiling prices immediately after GST notification, NPPA had said in a memorandum earlier th...
- Exclude coal from GST list: States to centreState finance ministers have asked the Centre to exclude coal from the list of proposed Goods and Services Tax (GST), so as the tax rate do...
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