GST rate cuts complement Ayushman Bharat, PMJAY, says health ministry
GST
Dated:- 4-9-2025
PTI
New Delhi, Sep 4 (PTI) The government's decision to exempt individual health and life insurance premiums from Goods and Services Tax (GST) complements Ayushman Bharat and PMJAY by expanding private coverage, reducing out-of-pocket expenditure, and driving the mission of Health for All, the Health Ministry said on Thursday.
This will also make premiums more affordable for middle-class households and encourage wider insurance adoption.
The GST rationalization package reflects a balanced, citizen-centric approach to taxation, the ministry stated.
“By lowering the burden on medicines, medical devices, nutrition, and insurance, while dis
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nd empower small businesses across the country. My heartfelt gratitude to Narendra Modi ji and Finance Minister @nsitharaman ji for this forward-looking decision that will benefit our citizens, especially middle-class families,” Union Health Minister J P Nadda tweeted.
The GST on essential medicines have been reduced from 12 per cent to 5 per cent or Nil, easing financial burden on patients which will provide greater affordability for long-term treatment of chronic illnesses such as diabetes, hypertension, and cancer.
Also, services for treatment or disposal of bio-medical waste reduced from 12 per cent to 5 per cent and job-work in pharmaceutical manufacturing reduced from 12 per cent to 5 per cent, lowering production costs and addressi
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