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GST ON MEDICAL DEVICES
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...- GST refund stress: MedTech sector flags cash crunch, seeks reliefIndia's medical device sector is facing severe financial strain, prompting an urgent plea to the government for expedited GST refund proces...
- Budget 2026: Pharma, med-tech companies seek PLI extension to cover APIsThe industry expects the government to address these issues in the Union budget announcement this year. Sudarshan Jain, secretary general o...
- How GST reform is powering affordable insurance and accessible healthcare for allAbolishing GST on health and life insurance has immediately reduced premiums by 18%, making financial protection more accessible for millio...
- "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...
- Medicines, medical devices to get cheaper from Sept 22 under new GST regimeThe government has mandated pharma companies to revise the Maximum Retail Price (MRP) of medicines, formulations, and medical devices by Se...
- 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...
- 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...
- Dr Reddy's expects new GST framework to address critical issues impacting pharma sectorDr Reddy's Laboratories anticipates that the new Goods and Services Tax structure will address existing challenges. It will also create a r...
- Budget 2025: SBI urges higher healthcare spending, uniform GST on medical devices and tax exemptionsThe Union Government's Budget 2025 should focus on revitalizing the insurance and healthcare sectors. Suggestions include exempting GST and...
- GST on mobility devices: How do we break shackles of policy, says Supreme CourtA bench of Justices DY Chandrachud and AS Bopanna was told by advocate Jai Dehadrai that the matter was listed earlier on October 26, 2020,...
- Industry hails late-fee relief for GST non-filers, demands zero tax rate on med devices, health servicesPHD Chamber President Sanjay Aggarwal said that small and medium businesses have been severely impacted due to the pandemic and allowing th...
- MTal seeks immediate financial support to sustain operationsMTal said the situation of the sector has not improved much even after partial lifting of nationwide lockdown from April 20 as a result of ...
- Battling COVID-19: What the industry wantsCII has suggested a bouquet of measures to help businesses battling the 21-day shutdown
- MTaI seeks streamlining of tax & duty structure to make medical devices affordable"High customs duties have adversely impacted the costs of medical devices and equipment in India which contradicts the government's efforts...
- Indian healthcare market to hit $372 billion by 2022The report prepared by Assocham and research firm RNCOS said the value of the sector in 2016 stood at USD 110 billon and will see a compoun...
- Smart phones & cement to cost less under GSTIn case of medical devices, the present total tax incidence on them works out to more than 13 per cent, while it would attract GST of 12 pe...
- Roll out of GST to bring down prices: GovernmentThe Central Board of Excise and Customs has given out a details of the existing tax incidence and under GST to demonstrate reduction in tax...
- Keep healthcare out of GST purview: AssochamThe GST would subsume excise, service tax, VAT and other local levies and make India a single, uniform market for seamless transfer of good...
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