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TMI BlogGST: RECENT RELAXATIONS FOR HEALTH CAREX X X X Extracts X X X X X X X X Extracts X X X X ..... GST: RECENT RELAXATIONS FOR HEALTH CARE - By: - Dr. Sanjiv Agarwal - Goods and Services Tax - GST - Dated:- 2-8-2023 - - The 50 th meeting of GST Council which was held on 11.07.2023 took various steps and measures towards trade facilitation and streamlining the GST compliances which, inter alia, include few tax rate changes on goods and services and exemption from IGST on certain imported ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... medicines for rare diseases. Exemption on supply of health care related goods GST Council took decisions to exempt the following goods from levy of Goods and Services Tax (IGST): Goods Type of Tax Conditions Dinutuximab (Quarziba) medicine IGST When imported, meant for person ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al use Supply of medicine / Food for Special Medical Purposes (FSMP) IGST For use in treatment of rare diseases, (as per National Policy for Rare Diseases, 2021) Food for Special Medical Purpose (FSMP) IGST When imported by centres of excellence for rare diseases or by any person / institution ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and recommended by any listed centre of excellence The exemption shall come into effect only after Notification is issued by CBIC. No such Notification has been issued till 30 th July, 2023. However, on the fillip side, it is argued that this relief may not be of much benefit to the patients as it may be very difficult to get a separate license to import a drug which is alrea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dy registered in India. The waiver is extended only for specific drugs used for treatment of specified rare diseases with the condition that such drugs must be meant for personal use. The benefit need to be extended to drugs that are made commercially available in India. For having a real impact of waiver, it should be extended to all rare disease products which are approved and available in ou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r country and not by way of personal import only. With this, patients who are being treated on a locally available, approved product are deprived of the customs duty and GST waiver benefit. Only a handful of patients can afford to import such drugs on personal basis. The percentage of such people who can import these drugs is negligible as the drugs are exorbitantly priced. Ideally, Government ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... should consider extending the tax waiver benefit to all lifesaving medicines (including cancer medicines) that are imported and not just those for personal use so that patients in India can avail the duty waiver benefits and bring down their treatment cost. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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