Pharma companies may soon get GST relief shot on free drug samples

In a move that could bring significant relief to India’s pharmaceutical sector, the Goods and Services Tax (GST) Council is likely to consider a clarificatory relief on the availability of Input Tax Credit (ITC) on free drug samples provided by pharma companies to doctors and hospitals. Sources have confirmed to CNBC-TV18 that a formal discussion may take place in the upcoming GST Council meeting,…