Industry Body Calls For Reduction In GST On Active Pharmaceutical Ingredients

Industry body Confederation of Indian Industries (CII) has called for a reduction in Goods and Services Tax (GST) applicable to Active Pharmaceutical Ingredients (APIs) in line with pharma formulations. CII has also demanded that the customs duty and GST should be exempted for all items procured by drug makers for research and development purpose, it said in its Pre-Budget Memorandum. Finance Minister Nirmala Sitharaman will present ...