MTaI seeks reduction in GST on medical devices, cold chain units

The organisation noted that the reduction of GST on medical devices and medical cold chain from 12 per cent to 5 per cent would lead to the expansion of the healthcare sector through reduced costs

The Medical Technology Association of India (MTaI) has urged the government to reduce GST and customs duties on medical devices, cold chain units and spare parts used in the healthcare appliances in the upcoming Union Budget.

The organization noted that the reduction of GST on medical devices and medical cold chain from 12 % to 5 % would lead to the expansion of the healthcare sector through reduced costs improving patient accessibility, MTaI said in…read more