Quick Summary
The Finance Ministry has eased industry concerns by clarifying that recalling or re-labelling medicines already in the supply chain before September 22, 2025, will not be mandatory, following the recent revision of GST rates. In a set of fresh FAQs issued on Tuesday, the ministry stated that manufacturers and marketing companies are not required to recall or re-sticker packs already released in the market, provided they ensure price compliance at the retailer level. Clarification on Medicine
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FAQ :
No, the Finance Ministry has clarified that recalling or re-labelling medicines already in the supply chain before September 22, 2025, is not mandatory.
Manufacturers and marketing companies must ensure price compliance at the retailer level and issue revised price lists reflecting updated GST rates and Maximum Retail Prices (MRPs) to dealers, retailers, and state regulators.
All drones will now attract a uniform 5% GST, regardless of their configuration.
Hotel rooms priced up to £7,500 per unit per day will be taxed at 5% without Input Tax Credit (ITC). Hotels will not have the option to pay 18% with ITC for these rooms.
Yes, individual health and life insurance services, as well as reinsurance services, are exempted from GST.
Local delivery services offered through e-commerce operators will attract 18% GST. The liability shifts to the operator if provided by unregistered persons.
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