Two Way Analysis of GST: With Reference to Healthcare and Pharma Sector

Abstract

The day has become historic on which GST bill was passed, as it is one of the major step taken by the Indian Government since the independence of the country. It will be the drastic change for the pharma and healthcare industry, which just touched the bar of $70 Billion from 2012. Earlier with 17 federal and state taxes, this sector will be replaced with one uniform tax. When we see the positive side of the bill, it has just turned the tax paying process into efficient one. According to the expert's impact of GST on Healthcare and Pharma Sector has both pros and cons in the industry.