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GST ON MEDICINES
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- Good news for diabetes & BP patients: Govt cuts prices of these 30 medicines, relief may reach pharmacies soonThe National Pharmaceutical Pricing Authority (NPPA) has fixed retail prices for 30 essential drug formulations, including those for diabet...
- Right to trauma care of citizens integral part of right to life, Supreme Court saysThe Supreme Court has asked all states and Union Territories to launch a unified helpline, 112, for emergency responses. A functional syste...
- Iran war impact: Essential drugs may cost up to 5% more, for nowThe immediate net consumer impact could be 3-5% higher prices, or roughly similar to what consumers paid before the late-September cuts in ...
- GST cut on drugs, medical devices to provide relief to patients: Industry playersThe government is reducing GST on medicines and medical devices. Lifesaving drugs are exempt. This action will help patients and families. ...
- GST 2.0 explained: When will new GST rate for life, health insurance be applicable?In a significant move, the GST Council announced on September 3, 2025, that individual life and health insurance premiums will be exempt fr...
- GST exemption on medicines for rare diseases is unlikely to provide any relief to those in need: Health activistsThe recent GST exemption on medicines for rare diseases in India is unlikely to help many patients as the drugs are still too expensive, sa...
- GST rate for COVID-19 medicines pegged at 5% GST: govtUnion Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha that 66 per cent of government-sponsored health insurance scheme...
- GST Council to meet on June 12 to discuss tax cut on COVID essentials, black fungus medicineIn the previous meeting on May 28, the Council, which has state ministers as members, a Group of Ministers (GoM) was set up to recommend ta...
- Remove GST on life-saving medicines, equipment used in COVID-19 fight: Priyanka Gandhi to govtHer appeal to the government came ahead of the GST Council meeting, which decides on taxes on goods and services, later on Friday.
- Hospitals may have to split medicines, services bill for taxThe GST council is mulling a proposal that makes it mandatory for hospitals to split medicines & services bill.
- Hospitals get tax notices for implants“If GST is applied on medicines and implants used on patients instead of a composite tax rate, then this may result in a huge impact and ho...
- Remedy post-GST medicine shortages, government tells pharma companiesThe country has reportedly witnessed a shortage in essential medicines to treat diabetes and other life-threatening disease after July 1.
- Essential drugs to be sold at non-GST price till August"Although hospital services are exempt, the outsourced services, aesthetics and outpatient pharmacies are subject to GST imposition."
- Pharma companies to vendors: Be GST-ready to avoid delay in paymentsMany manufactures who undertake production for Indian as well as multinational drug majors are rushing to put GST infrastructure in place.
- Pharma companies still facing GST rollout bluesThe All India Organisation of Chemists and Druggists, which represents over 8 lakh chemists, has assured the government that supply of drug...
- NPPA notifies revised ceiling prices of 761 drugs ahead of GST roll outThe move, earlier notified by NPPA at the beginning of the month, is expected to keep the impact of GST on life-saving medicines at a minim...
- GST rollout: Drug retailers go slow on stockpilingAccording to Vivek Mallya, a Bengaluru-based chartered accountant, uncertainty prevails on the availability of full input tax credit on tra...
- Prices of many essential drugs to rise up to 2.29% post-GSTThe government has fixed GST rate of 12 per cent on most of the essential drugs as against the current tax incidence of around 9 per cent.
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