No VAT for life-saving drugs in Delhi
No VAT for life-saving drugs in Delhi
All life-saving drugs will soon be exempted from the value added tax (VAT) in the national capital, Delhi Health Minister Yoganand Shastri said on Friday.
“I had a meeting with Finance Minister A K Walia, in which we discussed the issue of four per cent VAT applied on life-saving drugs in Delhi,” Shastri said addressing a seminar organised by Retailers and Distributors Chemists Association of Delhi.
Later, the Minister said Walia had in principle agreed to remove four per cent VAT from life-saving drugs.
The Delhi Government has already removed VAT from nearly 50 life-saving drugs and devices, while some life-saving medicines still attract a VAT of four per cent.
Shastri said the decision to remove VAT from life-saving drugs could be implemented by February, 2006.
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