5% GST for medical devices more of a bane than a boon, says industry

The Medtech Association AiMeD on Tuesday warned against the possible changes in the goods and services tax (GST) rates, stating that it could impact the competitiveness of domestic device makers.

- MANU KAUSHIK

Most medical devices attract a GST of 12% now, whereas the inputs to make those devices are taxed at 18%, causing an inverted duty structure and margin pressure.