Cheap treatment! From glasses-glucometer to pregnancy kit, what to give less money for what GST council new rates for healthcare glucometer spectacles thermometer oxygen
Last updated:
The GST Council has recently made a huge change in the GAT rates. In the healthcare sector, the taxes on many essential things have been reduced. There are many things in these, on which patients will get direct benefit from reduced tax, such as medicines, philosophy and glucometer. At the same time, there are many things that will benefit both consumer and medical traders. Let’s know about them ..
In its 56th meeting, the GST Council has given relief to the large population of the country by cheap healthcare things. GST rates have been reduced on glucometer and strips that have become daily need for sugar patients called diabetes capital. At the same time, eyeglasses have also been made cheaper. The tax rate has been reduced on many medicines, thermometer and diagnostic kits used in advance treatment of asthma including breast cancer.
This change of the council will not only cure humans, but also cuts the rates of veterinary surgical devices and accessories. Both consumer and traders will benefit from these new rates. All new GST rates are going to be implemented from 22 September 2025. Let’s know what the government has made cheap in healthcare.
Personal Health Insurance and Life Insurance-All types of health insurance and life insurance policies have been made cheaper. The GST Council has reduced the 18% tax on insurance to zero. In such a situation, those who take life insurance will now have to pay only the premium of insurance and no additional tax will have to be paid on it. This is a big advantage for those taking health insurance, because LIC has already got income tax exemption, while now GST will also be a profitable deal to take insurance.
All types of diagnostic kits and regulations- GST Council has made the regulations used for investigation in all types of diagnostic kits to identify diseases in the country. In such a situation, diagnostic kits available in retail in the market such as pregnancy test kits, allergic test kits, cancer test kits, diabetes test kits and infections disease test kits will be cheaper. GST rates have been reduced from 12 percent to 5 percent. At the same time, the labs will benefit from being cheaper. Prices of medical tests may also decrease.
Medical grade oxygen
In particular, the GST rate has also been reduced from 12% to 5% from medical grade oxygen used for patients in hospitals. Apart from normal oxygen, it is more pure oxygen and its purity ranges from 87 to 100%. At the time of Corona, there was a lot of outcry for medical grade oxygen. However, after that oxygen production plants were also set up in hospitals.
Glasses or correct spectacles -Usually, what people call eye glasses, these are the corrective glasses that the GST Council has reduced by reducing the rates to make them cheaper. The lenses of these glasses first had a tax of 12 percent, which has now been reduced to 5%. A large population in India wears these glasses for Myopia or distant Drishti Dosha. Not only this, according to an estimate, by 2050, 50 percent of the children of the country’s population will need to apply corrective glasses.
Glucometer and Test Strips- The biggest relief in this change is given about glucometer and test strips. Usually, patients will directly benefit from every diabetic patient by making the glucometer used at home and its strips. Those who check the sugar daily at home, they will now have to spend less money for this daily need.
Thermometer
The GST Council has cheaper all the thermometer used in medical, surgical, dental and vetterinary and has reduced the rate of GST from 18 per cent to 5 per cent. In this way, the thermometer coming for Rs 118 with GST worth Rs 100 till tomorrow will now be available for Rs 105.
