AiMeD Flags Risks in GST Overhaul For Medical Devices, Seeks Balanced 5%-12% Tax Structure Susmita Roy28 Aug 2025 2:31 PM ISTNew Delhi: The Association of Indian Medical Device Industry (AiMeD) has cautioned that any alteration in Goods and Services Tax (GST) rates for...
Eris Lifesciences Slapped Rs 17 Crore GST Notice Over Novartis Zomelis Deal Farhat Nasim27 Aug 2025 10:00 AM ISTNew Delhi: Eris Lifesciences Limited has disclosed that it has received a show cause-cum-demand notice amounting to Rs16.84 crore from the Directorate...
Medicines Are Lifelines, Not Luxury: AIOCD Seeks 5% GST on All Medicines, 0% on Life-Saving Drugs Susmita Roy23 Aug 2025 5:15 PM ISTNew Delhi: In a major push for patient relief, the All India Organisation of Chemists and Druggists (AIOCD), representing 12.40 lakh chemists and...
Imported Devices Face 7.5-10% Duty, Domestic Devices GST at 12%, Govt Clarifies Susmita Roy17 Aug 2025 4:00 PM ISTNew Delhi: While imported medical devices attract a basic customs duty of 7.5-10% along with a 5% health cess, domestically manufactured medical...
GST Dispute: Supreme Court issues notice to IMA Barsha Misra31 July 2025 9:30 AM ISTNew Delhi: The Supreme Court recently issued notice to the Indian Medical Association (IMA), on a plea by the Central Government challenging the...
Star Health get Rs 49 crore GST demand notices Kajal Rajput25 March 2025 1:02 PM ISTNew Delhi: Star Health and Allied Insurance Company Limited has received 25 tax demand notices from the Goods and Services Tax (GST) authorities...
Are Medical, AYUSH Councils Exempt from GST? Farhat Nasim22 March 2025 9:30 AM ISTAhmedabad: The Gujarat High Court has issued a stay on Goods & Services Tax (GST) proceedings initiated by the Directorate General of GST...
NPPA Hikes Prices of Key Antibiotics Azithromycin, Amoxicillin Clavulanic Acid Farhat Nasim12 Feb 2025 8:29 PM ISTNew Delhi: The prices of Azithromycin and Amoxicillin Clavulanic Acid have seen a marginal increase after the National Pharmaceutical Pricing...
Sun Pharma to pay Rs 160.2 crore penalty, tops list of 6 drug majors facing tax scrutiny Farhat Nasim7 Feb 2025 7:31 PM ISTNew Delhi: Six leading pharmaceutical companies, Sun Pharmaceutical Industries, Ipca Laboratories, Indoco Remedies, Aurobindo Pharma, Lupin Limited,...
GST Breakthrough: Gene Therapy Becomes Tax-Free Farhat Nasim18 Jan 2025 8:29 PM ISTNew Delhi: Patients battling cancer and rare diseases are expected to take a sigh of relief as the Government of India has exempted gene therapy...
Cipla hit with over Rs 9 crore GST penalty, plans appeal Ruchika Sharma18 Jan 2025 3:20 PM ISTDrug major Cipla has been hit with a penalty of Rs 9.77 crore by the GST Authority for alleged tax violations under the Central Goods and Services Tax...
Mankind Pharma slapped over Rs 2 crore penalty by GST authority Ruchika Sharma15 Jan 2025 4:26 PM ISTNew Delhi: Mankind Pharma has said in a BSE filing that the tax authority in Kolkata has imposed a GST-related penalty of over Rs...
