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Why haven’t all medicines been fully exempted from GST?
short by Shristi Acharya / on 22 Sep 2025,Monday
Starting today, 36 lifesaving medicines will be taxed at 0% under GST 2.0. However, a full exemption on all medicines would block manufacturers from claiming input tax credit on raw materials, which would increase production costs and make medicines expensive. Keeping medicines at a 5% concessional rate balances affordability for consumers while maintaining tax credit benefits for manufacturers.
short by Shristi Acharya / 12:42 pm on 22 Sep
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