India, Sept. 4 -- image credit- shutterstock

The56thmeeting of the GST Council was held in New Delhiunder the chairpersonship of the Union Finance & Corporate Affairs Minister Nirmala Sitharaman.The GST Councilinter-aliamade the recommendations relating to changes in GST tax rates, provide relief to individuals, common man, aspirational middle class and measures for facilitation of trade in GST.

Particularly for the life sciences sector, the recommendations include-

Post these recommendations, encouraging responses are pouring in from the industry-

Dr GSK Velu, Chairman & Managing Director, Trivitron Healthcare, Neuberg Diagnostics and Maxivision Super Speciality Eye Hospitals said,"These new GST reforms are path breaking and should o...