Healthcare set to be more affordable as new GST rate kicks in from Sep 22: Pharma industry

From September 22, medicines and medical devices in India will become cheaper under new GST rates, making healthcare more affordable, say industry experts. Most drugs’ GST drops from 12% to 5%, while 36 critical life-saving medicines are fully exempt. Tax slabs on insurance, glucometers, and spectacles are also rationalised, easing costs for patients and improving access to essential care.

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