Archive · 24 Sep 2025
Chemists Seek Protection Period Amidst GST Changes
The organization for chemists and druggists wants a buffer period when new taxes on medicines start.
They are asking for 90-120 days to adjust without getting into trouble.
They are happy that the government lowered taxes on some medicines, which helps the healthcare system.
The group also wants to get tax credits back for old stock, which reduces cash flow issues.
They also plan to put up signs to inform customers about the changes.
AIOCD seeks protection period during GST transition.
The protection period would be 90-120 days.
The aim is to ensure a smooth transition to new pricing.
AIOCD supports the decision to reduce GST on essential medicines.
They will request a refund Adjustment of Input Tax Credit (ITC) on old stock.
- Who
- AIOCD
- What
- Requested a protection period during GST changes.
- When
- September 22 (effective date for GST changes)
- Where
- Across drug retail chains
- Why
- To ensure a smooth transition to the new pricing regime and reduce cash flow burden.
- Organization
- AIOCD (All India Organization of Chemists and Druggists)
- Demand
- 90-120 day protection period
- Purpose of protection
- Shield from punitive action
- Sector
- Pharmaceutical
- GST changes effective
- September 22
- Action
- Refund Adjustment of Input Tax Credit (ITC)
- Positive impact
- Reduced GST on essential medicines