Medtech sector seeks standard GST rate, export incentives in Budget

Q: How long will it take to read this news story?

The story "Medtech sector seeks standard GST rate, export incentives in Budget" has 499 words across 12 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Medtech sector seeks standard GST rate, export incentives in Budget" was covered 13 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 278 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25155150</li><li>URL: https://beamstart.com/news/medtech-sector-seeks-standard-gst-17368655893387</li></ul>

Business Standard Logo Business Standard 13h ago

Medtech sector seeks standard GST rate, export incentives in Budget - Business Standard

Quick Summary:

Don't miss the most important news and views of the day.

The industry has also asked the Centre to enhance export incentives under the Commerce Ministry's Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to 2 to 2.5 per cent, up from the current range of 0.6 to 0.9 per cent.

Commenting on the demands, Himanshu Baid, managing director, Poly Medicure, said that the government could consider standardising the GST rate at 12 per cent across all medical devices, as it would simplify the tax structure, ensuring consistency and ease of doing business.