Searched for
GST EXEMPTION ON MEDICINES
GST on milk and education? Here's a fact check by Finance Minister in Lok SabhaFinance Minister Nirmala Sitharaman addressed claims regarding Goods and Services Tax in Lok Sabha. She clarified that milk has always been...- GSTR-9 annual return FY 2024-25: Key change in reporting Table 6 explainedA significant change has been introduced in the GSTR-9 annual return form. This update, effective for FY 2024-25 with a December 31, 2025 d...
- 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...
- 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...
- 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 Council likely to exempt IGST on cancer drug import, fix 5% tax on refreshments served in multiplexBesides, import of medicines and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases for personal use and also ...
- GST Council likely to define MUVs and XUVs for levy of 22 pc cessThe GST Council is likely to clarify on the definition of multi utility vehicles (MUVs) and crossover utility vehicles (XUVs) for levy of 2...
- Supreme Court dismisses petition seeking removal of GST, customs duty on medicines to cure spinal muscular atrophyCure SMA Foundation of India, a parent-led organisation, had approached the court seeking exemption of GST and customs duty on treatment of...
- 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 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 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...
- Key takeaways from the 43rd GST Council meetThe GST Council’s meeting, the first this year, comes at a time when the country is reeling under the second wave of coronavirus infections...
- GST Council may decide on IGST levy on oxygen concentrators imported for personal use on May 28The Delhi High Court last week said that imposition of 12 per cent Integrated GST (IGST) on oxygen concentrators for personal use or those ...
- Govt seeing opportunity in crisis by imposing GST on COVID vaccines, medicines: CongressCongress spokesperson Gaurav Vallabh also claimed that had the government taken steps at the right time, the second wave of coronavirus wou...
- Drug for spinal muscular atrophy disease already exempt from import duty: FMGiving a clarification on the issue raised by Congress Vivek K Tankha during Zero Hour on March 17, Sitharaman in Rajya Sabha said the memb...
- Let’s split the bill: GST Council wants more services unbundledGST Council has decided to extend the unbundling of bills beyond healthcare for all categories of services
- 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...
- IGST a bitter pill for patients with rare disorders as medicines attract 5%-12%While life-saving medicines imported for personal use would continue to be exempt from basic customs duty, they are not exempt from IGST.
Load More
