The MedTech association AiMeD on Tuesday cautioned against the possible changes in the GST rates, warning that it could hurt domestic manufacturers. While lowering GST to 5% may boost affordability for equipment, it could worsen the inverted duty structure for consumables, making imports cheaper, said Rajiv Nath, forum coordinator, AiMeD. It recommended keeping most consumables at 12% GST.
short by
Udit Gupta /
05:01 pm on
27 Aug