GST Council Lowers Tax on Cancer Drugs to 5%, Eases Financial Burden for Patients
GST on cancer drugs cut to 5%, easing financial burden for patients and boosting access to treatment.
Breaking News
Sep 10, 2024
Mrudula Kulkarni
Sudarshan Jain, Secretary General of the Indian
Pharmaceutical Alliance, has voiced his support for the GST Council’s decision
to reduce the Goods and Services Tax (GST) on cancer drugs to 5%. Jain
emphasized that this move would significantly improve access to life-saving
treatments for patients suffering from chronic diseases like cancer, which
continues to place an increasing burden on India’s healthcare system. He also
noted that this GST reduction follows the government’s recent exemption of
customs duty on cancer drug imports, further helping to lower the costs of
critical medications.
D. S. Negi, CEO of the Rajiv Gandhi Cancer Institute &
Research Centre, praised the decision, stating that it will help make cancer
treatment more affordable, particularly for high-cost therapies such as
Trastuzumab, Pembrolizumab, and Durvalumab. This aligns with the institute’s
mission of providing world-class cancer care without financial strain.
Dr. Manisha Karmarkar, CEO of DPU Super Specialty Hospital,
Pimpri, Pune, also commended the move, citing India's high cancer mortality
rates and the increasing number of cancer cases projected by 2025. She stressed
that the GST reduction will help alleviate the financial burden on patients and
contribute to the creation of a more robust healthcare system capable of
addressing the rising cancer load.