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Gene Therapy Exempted from GST; Duty Cuts Expected for Critical Cancer Medicines

  • Gene therapy exempted from GST
  • No GST on gene therapy with immediate effect
  • Significant impact on patients with life-threatening diseases
  • Government considering duty cuts on medicines for cancer and rare diseases
  • Proposal for duty exemption for cancer medicines
  • National Policy for Rare Diseases lists 63 ailments
  • Central government fully exempted drugs for rare diseases from basic customs duty in 2023

Source: a2ztaxcorp.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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