BusinessPatanjali Ayurved Says Higher GST Rate On Ayurvedic Medicines Disappointing
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Patanjali Ayurved Says Higher GST Rate On Ayurvedic Medicines Disappointing
'The increase in the GST rate is quite disappointing,' says SK Tijarawala
At present, the ayurvedic products have a total tax incidence of 8-9%
Ayurvedic products are becoming more popular in the FMCG segment
Yoga guru Ramdev said that Patanjali will wipe out the multinational companies in five years.
Yoga guru Ramdev-promoted Patanjali Ayurved is disappointed with the government's decision to impose 12 per cent tax rate under the new structure, Goods and Services Tax (GST). "We request the government to reconsider the GST rate suggested for the ayurvedic products. The rate on the medicines needs to be decided in a way that it reaches consumers at affordable prices. This increase in the GST rate is quite disappointing," Patanjali ...