- The All India Organisation of Chemists & Druggists urges the government for urgent relief for small chemists affected by GST 2.0. Small traders face losses due to reduced GST rates on medicines and lack of Input Tax Credit eligibility. The association requests permission to sell old stock at pre-revision prices and a special relief package. AIOCD warns that without support, many small chemists may close, impacting access to medicines. The government promotes GST 2.0 as a simplification measure, but industry bodies express concerns over its impact.
Source: a2ztaxcorp.net
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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