The Goods and Services Tax is a unified, consumption-based tax on the supply of selected goods and services. It was officially implemented by the government of India on 1 July, 2017. The GST system is applicable on most of the commercial supplies including the healthcare and pharma industry products and services. The impact of GST on healthcare and pharmaceutical sector is becoming known with time. Let’s find out the GST rate on various medical supplies and how it impacts the people and businesses in general.
