Healthcare experts welcome GST reforms

Healthcare industry leaders have strongly welcomed the Union Government's decision to rationalise GST rates on medicines, medical devices, diagnostics, nutrition products and insurance premiums, calling it a landmark step towards making healthcare more affordable and accessible.

- CORRESPONDENT

The reforms, announced as part of a health-positive GST framework, are aimed at reducing treatment costs, promoting preventive healthcare, and expanding insurance coverage.

Ms. Ameera Shah, President, NATHEALTH and Promoter & Executive Chairperson, Metropolis Healthcare Ltd, said: "NATHEALTH welcomes the Government's decision to reduce GST on diagnostic kits, reagents and a wide range of medical technology items from 12% to 5%. This reform is in line with NATHEALTH's long-standing recommendations for a more enabling indirect tax framework in the healthcare sector, one that acknowledges the critical role of preventive health and supporting medical technology in strengthening healthcare delivery.