GST Cut Makes Life-Saving Drugs Affordable: Experts

New Delhi: Welcoming the GST Council’s reduction in tax rates on essential cancer drugs, experts on Tuesday said that it is a crucial step and will make life-saving medicines more affordable and accessible to patients.

In a significant development for cancer patients across India, the GST Council at its 54th meeting held in New Delhi, on Monday evening decided to slash the GST rate from 12 per cent to 5 per cent on key cancer medications, including Trastuzumab Deruxtecan, Osimertinib, and Durvalumab.