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Provide GST exemption on import of pharma products used in life-saving medicines research: Parliamentary panel asks Centre
"The committee are also of the view that hospitals carrying out research on life-saving medicines and treatment may also be considered for being extended the benefit of exemption," the Committee said.
New Delhi: A parliamentary panel has asked the Centre to provide GST exemption for imported pharmaceutical products used by hospitals or scientific organisations in research on life-saving medicines and treatments.
The PAC, chaired by Congress member Adhir Ranjan Chowdhury, also said providing incentives to organisations such as cancer institutes would greatly aid in developing medicines to treat serious and life-threatening ailments.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751