How Will GST 2.0 Reforms on Lifesaving Medicines Enhance Healthcare?
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Synopsis
The recent GST reforms on lifesaving medicines are set to transform healthcare accessibility. With reduced tax rates, consumers are already feeling the positive impact. This article explores how these changes will benefit patients, particularly those suffering from critical conditions, and highlights the voices of those directly affected.
Key Takeaways
- The GST on lifesaving medicines has been reduced from 12% to 5%.
- 36 critical life-saving drugs are now exempt from GST.
- Consumers are experiencing significant savings on medication costs.
- The reforms are expected to improve healthcare accessibility for low-income families.
- Experts believe these changes will have a positive impact on public health.
New Delhi, Sep 25 (NationPress) The recent adjustments to the Goods and Services Tax (GST) on lifesaving medicines are expected to positively impact healthcare, according to consumer feedback received on Thursday.
Earlier this month, the GST Council made a significant move by lowering the GST rate on lifesaving medicines and medical devices from 12 percent to 5 percent.
As a result of this GST adjustment, the majority of medicines that were previously taxed at 12 percent will now be subject to only 5 percent GST.
Furthermore, 36 critical life-saving drugs for conditions such as cancer, genetic disorders, rare diseases, and cardiovascular issues have been completely exempted from GST (0 percent). The GST Council also revised tax categories on health and life insurance premiums, glucometers, and corrective eyewear.
“Prime Minister Narendra Modi has made commendable efforts in this sector,” expressed Subhash Chandra from Haridwar, Uttarakhand, during an interview with IANS.
Chandra mentioned that he managed to purchase medicines for 6.5 percent less than before.
“In the past, medicines were costly, but now they are more affordable. PM Modi has done an excellent job, providing relief to many low-income individuals,” he added.
Ashwani Kumar, a pharmacist based in Haridwar, remarked to IANS that the GST reduction on lifesaving medicines will significantly benefit healthcare.
“Previously, medicines carried a 12 percent GST. Now, lifesaving medicines will incur only a 5 percent GST, enhancing affordability for many,” Kumar detailed.
“Life-saving medications, particularly those for cancer and HIV, are now tax-exempt, granting substantial relief to patients suffering from these serious ailments,” he noted.
“This government initiative is set to make a remarkable difference,” he added, expressing gratitude to PM Modi for the “exceptional work” that could become a pivotal moment in the healthcare sector.
Point of View
The GST reforms reflect a crucial step towards improving healthcare affordability in India. The government’s proactive stance in reducing taxes on lifesaving medications is a commendable move that aligns with the nation’s goal of accessible healthcare for all citizens, particularly the underprivileged. This shift is expected to alleviate the financial burden on many families, reinforcing the government’s commitment in the health sector.
NationPress
25/09/2025
Frequently Asked Questions
What is the new GST rate on lifesaving medicines?
The newly adjusted GST rate on lifesaving medicines is now 5 percent, down from the previous 12 percent.
Which medicines are tax-exempt under the new GST policy?
A total of 36 critical life-saving drugs, including those for cancer, genetic disorders, and cardiovascular conditions, are now fully exempt from GST.
How have consumers reacted to the GST changes?
Consumers are reporting positive feedback, noting substantial savings on their medicine purchases due to the reduced GST rates.
What is the impact of the GST reduction on healthcare?
The reduction in GST is expected to enhance healthcare affordability, particularly for low-income families who rely on lifesaving medications.
Who praised the GST reforms in the healthcare sector?
Many, including individuals like Subhash Chandra from Haridwar, have publicly commended Prime Minister Narendra Modi for these reforms.
