GST on Pharma Products: Tax Rate & HSN Code Explained
India's pharmaceutical industry, while ranking 14th globally in terms of value, is the third largest in the world by volume, according to recent estimates. As a major producer of generic medicines, India plays a crucial role in the global healthcare market. With the country's population increasing, there is a rising demand for better healthcare services, which has led to the healthcare sector contributing 5% to the national GDP. Read more:
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