Cancer Medicines Cheaper: GST Council Cuts Tax on 33 Lifesaving Drugs
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In a significant move aimed at reducing the treatment burden for patients battling cancer and rare genetic disorders, the GST Council has removed the 12% Goods and Services Tax (GST) on 33 expensive and life-saving medicines and diagnostic kits- making them completely tax-free, while other essential medicines, including those under Ayurveda, Unani, and Homoeopathy, will now attract a lower GST of 5% instead of 12%.
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