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GST CUT ON DRUGS
Hospital expansion cycle to keep margins rangebound, but 18 per cent revenue growth trend likely to sustain: Kotak SecuritiesIndian hospitals are set for strong revenue growth. Brokerage firm Kotak Securities predicts double-digit gains. EBITDA margins are expecte...- 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 ...
- "Transformative shift in India's healthcare": Pharma alliance lauds GST reforms ahead of implementationThe Indian Pharmaceutical Alliance lauds the upcoming GST reforms, effective Monday, as a transformative step towards affordable healthcare...
- More patients can access key drugs after GST rate cutsRecent GST rate cuts on critical medicines are set to significantly reduce costs for treatments of conditions like multiple myeloma, lung c...
- Crucial drugs to be more affordable after GST cutThe government has significantly reduced GST rates on 41 highly priced medicines, including those for cancer, rare diseases, and heart cond...
- 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. ...
- Budget 2025: 'Customs waiver on life-saving drugs won't benefit most patients'Despite the import duty waiver on life-saving drugs for rare diseases announced in the union budget, patients might not benefit due to high...
- 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 spices things up: Here's what got cheaper overnight in IndiaGST Council Meeting decisions: The GST Council's meeting on Monday announced significant tax cuts to make essential goods and services more...
- Importers, makers of Covid-related items under NAA lens, CCI may join probe tooFor the first time, the government could also rope in Competition Commission of India (CCI) to look into the matter along with NAA, said th...
- Allow buyers to claim ITC even if supplier defaults in depositing GST: PHD ChamberAhead of GST Day on July 1, industry body PHD Chamber of Commerce has raised the issue of blocking input tax credit and said the buyer shou...
- GST Council: No change in tax on vaccines, other Covid-related items like oximeters, concentrators see reductionGST Council cut tax rate from 12% to 5% on medical grade oxygen, BiPaP machines, oxygen concentrators, ventilators, pulse oximeter
- GST Council cuts rate on Covid related materials to 5%, leaves vaccine rate unchanged“Centre is buying and will provide it free to the people, GST will not be levied on the vaccination,” finance minister Nirmala Sitharaman t...
- FM to chair GST Council meet tomorrow; tax cut on COVID essentials, black fungus medicine on agendaCouncil will discuss the report of the GoM on GST concessions on COVID-19 relief items like medical grade oxygen, pulse oximeters, hand san...
- 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...
- UP prepared for third COVID wave, favours GST cuts to facilitate patients: State FMUttar Pradesh is in all preparedness to deal with the third wave of COVID-19 and the state would not resort to hiking taxes for raising res...
- 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...
- Price cuts will bring down quality of cancer care: Dr BS Ajay KumarDr Ajaykumar says that instead of bringing price cuts, the government should bring cashless healthcare system.
- Ahead of GST, drug inventories cutStockists, worried they may suffer losses on account of a possible mismatch between tax payouts and tax refunds once GST kicks in, have sta...
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