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rashmi deshpande

Rashmi Deshpande

Lower rates of GST and customs duty on medical devices prima facie may appear beneficial but the rates of duty on parts of such medical devices used for manufacturing do need to be favourable as well

Budget 2021: Rationalise GST rates on parts used in manufacturing of medical equipment

by Rashmi Deshpande |Feb 1, 2021

The medical devices market in India, be it for parts or final products, attracts multiple rates. Uniformity in these rates will go a long way in bringing down compliance complexity as well