India’s pharma sector on Wednesday said the Goods and Services Tax (GST) Council’s decision to exempt tax on rare diseases drugs is unlikely to benefit the population unless the waiver is extended to drugs that are made commercially available in the country. The GST Council on Tuesday (July 11) said the Integrated Goods and Services Tax (IGST) on medicines and Food for Special Medical Purposes (FSMP) used for treating rare diseases enlisted under the National Policy for Rare Diseases, 2021, will be exempt when imported for personal use subject to existing conditions. “We support the government’s move to address the needs of patients suffering from rare diseases.
Posts tagged Rediff
PSBs to Explore AI Collaboration (20-07-2023)
‘There is a need for an innovation sandbox where the PSBs can collaborate and then they can do their own innovation on top of it.’
PSBs to Explore AI Collaboration (20-07-2023)
‘There is a need for an innovation sandbox where the PSBs can collaborate and then they can do their own innovation on top of it.’
Ride In A Metro For World Bank Prez (20-07-2023)
World Bank President Ajay Banga took a metro train ride in New Delhi on Wednesday, July 19, 2023.
Ride In A Metro For World Bank Prez (20-07-2023)
World Bank President Ajay Banga took a metro train ride in New Delhi on Wednesday, July 19, 2023.
How much cess UVs need to pay now? (20-07-2023)
http://im.rediff.com/money/2023/jul/20uv.jpg
How much cess UVs need to pay now? (20-07-2023)
http://im.rediff.com/money/2023/jul/20uv.jpg
‘HDFC merger template for faster growth’ (20-07-2023)
‘If we want faster growth and want greater flow of credit towards the private sector, it’s important to have many more of such large entities.’
‘HDFC merger template for faster growth’ (20-07-2023)
‘If we want faster growth and want greater flow of credit towards the private sector, it’s important to have many more of such large entities.’
Sebi to tweak ‘fit and proper’ regime for bourses (20-07-2023)
The Securities and Exchange Board of India (Sebi) is mulling changes to the ‘fit and proper’ criteria for market infrastructure institutions (MIIs), such as stock exchanges, in a bid to segregate the role of an individual from the entity, said sources. Under the current framework, wrongdoing by senior personnel could lead to a debarment of the MIIs such as stock exchanges, depository participants and clearing members-with quite a few such instances in the past. Additionally, Sebi is also mulling to introduce a clause through which any order passed against an MII will not affect their operations, unless it is specifically mentioned so in the order.