Goods and service tax in India, ie GST, has made the treatment costlier. As a result, treatment in India has become very costly.
GST has raised the problems of the patient as well as their families. Indeed, after the implementation of GST, many pharmaceutical companies have raised prices. The drug has become quite expensive by this. Its widespread impact will also be on the rapidly growing health tourism in India.
After the GST was implemented, the companies had to retain their profits, so companies kept their profits by increasing the MRP. Drug companies have increased prices of medicines by 10 to 28 percent.
In GST, the Modi government has imposed a separate tax under the different category. 5 on life saving drug, 12 on general category, 18 percent GST on cosmetic and dermatology range. Whereas, protein, nutrient tablets, syrups and other products have the highest GST of 28 percent.
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