Tuesday, June 25, 2019
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MTaI seeks streamlining of taxes & duties to make medical devices...

Medical Technology Association of India (MTaI) has sought the streamlining of tax and duty structure in the Union Budget 2019, also listing out its expectations in detail.............

Govt has given a cold shoulder to MedTech sector in Budget...

As per the Association of Indian Medical Device Industry (AiMeD), the union budget 2018 has given step-motherly treatment to the medical devices sector and has not met the expectations of the domestic industry.............

Higher GST on medical equipment is bad news for the healthcare...

In the below contributory column, Dr Shankar Narang, Chief Operating Officer, Paras Healthcare shares his views on what he believes are the long-term ill effects of Goods and Services Tax on the medical technologies.............

GST on wheelchairs not in the right spirit, akin to taxing...

New tax on the wheelchair among other things amounts to a tax on mobility or a tax on walking and throws a huge setback for patients dependent on wheelchairs, Sugandh Ahluwalia..........

Govt says no shortage of essential drugs post introduction of GST

In all the cases of complaints on high prices, the concerned companies have been instructed to coordinate with the complainants and ensure supply of medicine to the complainants.........

Increased GST on medtech means higher medical costs for patients: MTaI

In its latest statement, the Medical Technology Association of India has pointed out that it would have helped if the medical services were zero-rated, similar to exports, where full tax credit against inputs would be refundable........

GST Rollout: 50 kg fertilizer bag to now cost Rs 295.47...

Decision to reduce tax rate on fertilizers from existing 12% to 5 % under GST taken in the interests of the Farmers who are expected to benefit to the tune of Rs. 1261 crores under new regime...........

Tax increases & campaigns reduced India’s tobacco epidemic by 6%

Research has shown that mass media campaigns and graphic health warnings on tobacco packs are one of the most effective means to prompt people to stop smoking...........

Withdrawal of GST exemption on hospital equipment: a boon or bane...

While the imported hospital equipment would become costlier post withdrawal of Goods and Service Tax exemption from 1st July, the decision would add burden on patient's pockets.....

NPPA holds discussion with pharma bodies on GST implementation

National Pharmaceutical Pricing Authority (NPPA), has revealed that it met several pharma sector associations to decide the way forward for implementation of the GST.........