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GST Reforms: Taxation reforms poised to transform India’s Healthcare and Pharma landscape
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GST Reforms: Taxation reforms poised to transform India’s Healthcare and Pharma landscape
New Delhi: The recent Goods and Services Tax (GST) reforms are poised to reshape India’s healthcare and pharmaceutical sectors by lowering costs, improving affordability, enhancing efficiency across the value chain while strengthening India’s position as the Pharmacy of the World. The government’s move to rationalize tax slabs has brought most medicines under a reduced 5 percent GST tax slab rate. Additionally, 36 essential life saving drugs hav…
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