- Parliamentary panel asks Centre for GST exemption on imported pharmaceutical products used in life-saving medicine research
- Panel recommends incentives for organizations conducting research on serious and life-threatening ailments
- Committee suggests Ministry to present the matter to GST Council for exemption
- Hospitals conducting research on life-saving medicines may also be considered for exemption
- Public Accounts Committee highlights lack of clarity and coordination in notifications and clarifications
- Committee recommends Tax Research Unit to provide clarity in notifications and develop a resolution interface for assessing officers’ doubts.
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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