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Medtech, life-saving drugs to get cheaper
Mint Chennai
|September 05, 2025
In a landmark decision to make healthcare more affordable for millions of Indians, especially patients battling long-term and critical illnesses, the GST Council late Wednesday announced slashing of consumer tax rates on medicines and medical equipment.
The council, headed by Union finance minister Nirmala Sitharaman, announced the removal of goods and services tax (GST) from the current 12% on 33 life-saving drugs that are used to treat critical illnesses such as cancer and some other rare diseases. Additionally, three other vital life-saving drugs were made tax-exempt, from a 5% GST rate earlier.
Dit verhaal komt uit de September 05, 2025-editie van Mint Chennai.
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