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IMA welcomes reduction in GST on essential medicines, demands more exemption on health services
IMA: The Indian Medical Association has appreciated the government's decision to reduce GST on essential medicines. He appealed for full GST exemption on a wide range of life-saving and essential medicines. The association has raised the issue of difficulties faced by its state and local branches in GST and Tax Deduction Account Number (TAN) registration.
The Indian Medical Association has welcomed the government's Goods and Services Tax relief on cancer and other essential medications. He called it a necessary step to make healthcare more affordable for millions of patients in the country.
The IMA also emphasized that medical equipment health care will lower the hospital and clinic operating costs. The move is likely to alleviate the financial burden of families battling life-saving illnesses such as cancer, chronic kidney disease and severe infections.
In addition to this, the body made a plea to the government to provide complete exemption from GST on a multitude of life-saving and essential drugs. These include anti-cancer drugs that are employed in chemotherapy and immunotherapy, anti-diabetic drugs such as insulin, cardiac drugs, anti-hypertensive drugs and chronic respiratory disease drugs such as asthma and COPD.
