Post GST 78 per cent medicines to remain unaffected, affirms NPPA

NPPA’s twitter handle assured that complaints regarding traded drugs will be entertained; this twitter handle will accept and register specific and actionable complaints regarding non availability of any drug for follow up

Post GST 78 per cent medicines to remain unaffected, affirms NPPA
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Contrary to reports that Goods and Service Tax (GST) will make medicines expensive, the National Pharmacists Pricing Authority (NPPA) tweeted on their official handle, Prices of approximately 78 per cent of all actively used and traded drugs in the country are going to remain unaffected post GST.

Furthermore, the handled said that complaints regarding the same will also be entertained; this twitter handle will accept and register specific & actionable complaints regarding non availability of any drug for follow up.

With the country gearing up to follow the revised prices of most commodities, there is definite uncertainty when it comes to medicines. While it is true that most experts feel GST will not affect the prices of medicines in a big way, the confusion about procured stocks, still remain to be a concern.

GST surely would make commodity prices uniformed throughout the country, which is a good omen, say pharmacists and associations. “We need to welcome the move as we get the directives. GST will make the rates for medicines uniform throughout the country and that is a positive change. By 10th July, we should get a clearer picture about everything,” said Baldev V. Manek, pharmacist and owner of Sarvodaya Medical Centre, Bhandup.

GST wouldn’t be difficult on the consumer’s pocket. “For the consumer, the difference wouldn’t be much. So GST coming into effect won’t majorly affect the consumers,” said Anil Navandar, general secretary of Maharashtra State Chemist and Druggist Association (MSCDA). “However, for the retailer, the impact will be much higher,” he added.

“There will be a change of 2.27 per cent in the overall cost for the retailer, not directly to the consumer.”

Amidst utter chaos and uncertainty, the GST council is more than happy. India’s biggest ever tax reform will become a reality tonight at the stroke of the midnight hour, tweeted the council.