Industry welcomes govt's decision to withdraw GST on return of expired & damaged drugs

The pharmaceutical industry has welcomed the government's move to withdraw GST on return of expired and damaged drugs. The GST levied on return of such goods was expected to cost the industry Rs. 500 crore. Joint commissioner, GST Himani Bhayana in a letter to Indian Pharmaceutical Alliance (IPA), a representative body of 20 research based drug companies, has clarified that return on expired/damag…