The Indian Pharmaceutical Alliance lauds the upcoming GST reforms, effective Monday, as a transformative step towards affordable healthcare...

The government has mandated pharma companies to revise the Maximum Retail Price (MRP) of medicines, formulations, and medical devices by Se...

GST 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...

Goods and Services Tax reforms are expected to reduce medicine prices in India. Experts say this will benefit patients and businesses. Howe...

In a significant move, the GST Council announced on September 3, 2025, that individual life and health insurance premiums will be exempt fr...

Pharma and medtech sectors are concerned about upcoming Goods and Services Tax changes. They anticipate higher operating costs and working ...

Union Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha that 66 per cent of government-sponsored health insurance scheme...

The Council may also extend GST rate reduction on Covid medicines till December 31, sources said.

Council will discuss the report of the GoM on GST concessions on COVID-19 relief items like medical grade oxygen, pulse oximeters, hand san...

In 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...

Her appeal to the government came ahead of the GST Council meeting, which decides on taxes on goods and services, later on Friday.

The GST council is mulling a proposal that makes it mandatory for hospitals to split medicines & services bill.

Many manufactures who undertake production for Indian as well as multinational drug majors are rushing to put GST infrastructure in place.

According to Vivek Mallya, a Bengaluru-based chartered accountant, uncertainty prevails on the availability of full input tax credit on tra...

The 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.

GST rate for classical or generic range of ayurvedic medicines must be nil and 5 per cent for patented products instead of the proposed 12 ...

In 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...