Budget expectation: Bring GST rate on APIs at par with the formulations
Express Pharma
JANUARY 12, 2024
Expectation #2: Bring GST rate on APIs at par with the formulations – At present, APIs attract a higher GST rate of 18 per cent vis-à-vis formulations that attract a lower rate (12 per cent/5 per cent), leading to accumulation of credit for the pharma industry.
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