In a significant move towards ensuring affordable healthcare for all, the Indian government has announced a 0% Goods and Services Tax (GST) rate on cancer-related drugs, drugs for rare diseases, and food products for special medical purposes. This decision has been widely applauded, and Dr. Mansukh Mandaviya, the Union Minister of Health and Family Welfare, expressed his gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their efforts in making this policy change a reality.
Dr. Mandaviya emphasized that health is a service in India and hailed the decision as a boon for the poor and middle-class citizens of the country. The zero GST rate on essential medicines and specialized food products will undoubtedly alleviate the burden on those in need and enhance accessibility to crucial treatments.
Cancer is a devastating disease that affects countless lives, and the cost of cancer-related drugs can place an enormous financial strain on patients and their families. By eliminating the GST on these medications, the government has taken a commendable step toward making cancer treatment more affordable and accessible to all sections of society. It is a welcome relief for patients battling this life-threatening condition, who can now focus on their recovery without the added worry of exorbitant medical expenses.
“Similarly, drugs for rare diseases often come with a high price tag, making them unaffordable for many individuals. By exempting these drugs from the GST, the government has demonstrated its commitment to ensuring that those suffering from rare diseases have access to the medications they urgently require. This decision acknowledges the unique challenges faced by patients with rare conditions and offers them hope for a better quality of life”.
Additionally, “food products for special medical purposes play a crucial role in the dietary management of various health conditions. The zero GST rate on these products will greatly benefit individuals with specific dietary needs, such as those with allergies, intolerances, or medical conditions that require specialized nutrition. It ensures that these essential food items are more affordable and within reach for those who rely on them to maintain their health”.
