Zero GST on Life Saving Drugs: The Central Government has given great relief to reduce GST from 12% to 33 life saving and cancer medicines from 12% to zero. Also, GST on medical equipment and diagnostic kits has been reduced to 5%.
GST Rate Cut on Drugs: The central government has given a lot of relief to the middle class people by changing the GST regime. The new two rates of GST will be implemented across the country from 22 September. Let us tell you that the GST rate of life saving medicines has been drastically reduced. GST has been reduced to zero in 33 medicines with 12% GST. Once GST is reduced in life saving medicines, middle class people will now get medicine at low rates. It also includes cancer related medicines. Let us know that in which medicine GST rates have been reduced to zero.
0 percent GST done in these medicines
Along with cancer, 3 drugs used in the treatment of rare diseases and chronic diseases were so far 5% GST, which has been reduced to zero. At the same time, GST has been reduced from 12% to life saving 33 medicines. Now the prices of these medicines will become cheap, which will make it easier to the people who get treatment.
Agalsidase Alfa, Agalsidase Beta, Alexidase Alfa, Amivantamab, Asciminib, ATEZOLIZAMAB, Daratumab, Entrectinib, Eptacog Alfa – Activated Recommunication Coagulation Factor Viaia, Idursulphatase, Imiglucease, Laronidase, Meepolizumab, Obinutzumab, Olipudase Alfa, Onasemnogene Abeparvovec, Pegylated Liposomal Irinotecan, Polatuzumab Vedotin, Risdiplam Rurioctocog Alfa Pegol, SPESOLIMAB, TECLISTAMAB, TEPOTINIB, Velaglucese Alpha
Read more: Eat these 5 dinners with 200 calories for weight loss, doctor told the right time to eat
GST cut in Medicum Equipment and Kits
GST has been reduced in health or medical equipment means besides GST in life saving medicine and cancer drugs. So far, 12 to 18 percent GST was being imposed in medical equipment, which has now been reduced to 5%. Due to getting GST relief in buying equipment, it will have a positive effect on treatment expenses. Medical equipment and diagnostic kits will also be cheap, which is good news for the middle class.
GST was also zero in health insurance
It will become cheaper after cutting GST in health insurance. Earlier insurance companies used to collect GST on health insurance, which had to pay 18 % GST. Now GST has become zero on the premium. That is, companies will not take any GST from the customer. With the end of GST, the extra cost of premium has reduced. That is, now the common man will be able to take security like health insurance at a low price.
Read more: National Nutrition Week 2025: Not enough stomach, child growth without healthy nutrition