New Delhi, Sept. 4 -- Commerce Minister Piyush Goyal today said that the latest reforms in the Goods and Services Taxes (GST) in the Pharma sector are huge demand boosters and will benefit both the industry and the end consumers.

"The latest "transformative reforms" were announced in the GST in the Pharma sector which will not only act as "huge demand booster" but will also result in huge savings," the minister said while addressing the Bharat Nutraverse Expo 2025.

On Wednesday, GST on drugs and medicines was reduced from 12 per cent to 5 per cent. The GST on various medical apparatus and devices used for medical, surgical, dental, or veterinary purposes, or for physical and chemical analysis, has also been reduced from 18 per cent to 5...