India’s goods and services tax (gst) council recently announced a significant reduction in levies on medical device gst and diagnostics. “centre reduces gst rate on medical equipment or device from 12% to 5%” the government of india has introduced major changes in the goods and services tax (gst). Below are the expected new gst rates for common medical.
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Check full list of new gst rates, items that became cheaper, costlier, and key changes from 56th gst council meeting. The government’s decision to reduce gst on diagnostic kits, reagents and a wide range of medical technology items from 12% to 5% will bring down the cost of laboratory. This pivotal move aims to enhance.
New gst rate on medical equipment in india the government of india is updating gst rates effective after 22 sep 2025.
For healthcare, gst plays a crucial role because taxes directly impact the price of medicines, medical devices, and diagnostic services, affecting both patients and providers. The government emphasized that gst rates and exemptions are determined by the gst council, which includes representatives from both the union and state governments. “ficci health services committee welcomes the focus on healthcare in the gst rate rationalisation undertaken by the gst council and reduction of gst from the existing. Gst rate cut 2025 list:
Reduction of gst from 18% to 5% on various medical apparatus and devices used for medical, surgical, dental or veterinary purposes, or for physical or chemical analysis
