Members said the body has recommended zero tax on insulin, oral anti-diabetic drugs, antihypertensives, cardiac medicines, and treatments for chronic kidney disease, thyroid disorders, osteoporosis, asthma, and COPD. The association also called for exemptions on intravenous immunoglobulin and drugs for blood-related conditions such as haemophilia and myelodysplastic syndromes.<\/p>\n
The GST Council is expected to take up the matter in its upcoming deliberations. If approved, the reduction could lower the cost of several life-saving medicines that have seen steep price increases in recent years, offering much-needed relief to patients and families struggling with long-term treatment expenses.<\/p>\n
The revisions under discussion include slashing tax rates on critical drugs from 12 per cent to 5 per cent, with certain medicines for rare diseases being considered for full exemption.<\/p>\n
\u201cThe council seemed affirmative. We are hopeful that the government will consider our proposal as these drugs help treat a large number of non-communicable disorders rampant in the Indian population. Reduction in their cost would provide great relief in out-of-pocket expenditure for patients,\u201d Dr. Bhanushali added.<\/p>\n
Meanwhile, the association welcomed the government\u2019s move to reduce GST on cancer drugs. \u201cIt will ease the financial burden on patients undergoing high-cost therapies such as chemotherapy and immunotherapy,\u201d Dr. Bhanushali said.<\/p>\n","protected":false},"excerpt":{"rendered":"Members said the body has recommended zero tax on insulin, oral anti-diabetic drugs, antihypertensives, cardiac medicines, and treatments…\n","protected":false},"author":2,"featured_media":103111,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[49,48,53699,84,59346,377],"class_list":["post-103110","post","type-post","status-publish","format-standard","has-post-thumbnail","category-medication","tag-ca","tag-canada","tag-gst","tag-health","tag-life-saving-drugs","tag-medication"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/103110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=103110"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/103110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/103111"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=103110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=103110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=103110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}