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GST RATES ON MEDICINES
Stock picks of the week: 6 stocks with consistent score improvement and upside potential of up to 29%At a time when there are so many headwinds for the markets, it is tough to imagine that things can get better. But sentiment is a fickle th...- 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...
- 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...
- 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...
- Pharma companies cheer lower drug prices, API tax gap stirs worryGoods and Services Tax reforms are expected to reduce medicine prices in India. Experts say this will benefit patients and businesses. Howe...
- 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...
- 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 ...
- 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...
- More options to make up for GST shortfallThe Council may also extend GST rate reduction on Covid medicines till December 31, sources said.
- 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...
- 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.
- 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.
- 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.
- High GST rate on ayurvedic items: How can one feel 'Achhe Din', asks PatanjaliGST rate for classical or generic range of ayurvedic medicines must be nil and 5 per cent for patented products instead of the proposed 12 ...
- 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...
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