New GST Rates on Medicine – Prices to Drop as Govt Mandates MRP Revision from Sept 22

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GST New Rates: The government has provided significant relief to pharmaceutical companies. New GST rates are set to take effect from September 22. The Modi government has provided considerable relief to the general public. From this date, the reduced rates under the GST Reforms will be implemented. From this day forward, most food items will become cheaper. A question arises in the minds of the people about whether the companies will have to reduce the MRP of the medicines that have already been made or not. The government has responded to this matter, stating whether the MRP of medicines manufactured before 22 September will be revised or not.

MRP of medicines will change from 22 September
The government has completely alleviated the confusion of the people by providing answers. According to the government, the National Pharmaceutical Pricing Authority has clarified that all manufacturers and marketing companies selling medicines will have to revise the maximum retail price of medicines/drugs (including medical devices).

The NPPA office said, “All manufacturers/marketing companies selling medicines/formulations shall revise the maximum retail price of the medicines. Manufacturers/marketing companies, dealers and retailers shall also issue revised price lists or supplementary price lists to the state drug controllers and the government, containing revised GST and revised MRP.”

Affiliated with AIOCD, the Delhi-based Retail Distribution Chemists Alliance has announced that, with the implementation of the new GST 2.0 system from September 22, the prices of medicines are expected to decrease significantly in Delhi and other parts of India.

New GST Rates on Medicine

Life-saving drugs (eg, HIV/AIDS, TB, cancer) 5%

Most prescription drugs 5%

Vitamins, supplements and over-the-counter (OTC) products 18%

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Priyanka Singh

Priyanka Singh is an experienced journalist and Chief Copy Editor at Timesbull.com with more than six years of experience in digital media. She currently leads the Entertainment, Business, and Education desks, ensuring accuracy, clarity, and editorial excellence across content. Originally from Bihar, she brings strong subject understanding to her reporting....

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PriyankaSingh@tb.com Author at TimesBull TimesBull
Priyanka Singh is an experienced journalist and Chief Copy Editor at Timesbull.com with more than six years of experience in digital media. She currently leads the Entertainment, Business, and Education desks, ensuring accuracy, clarity, and editorial excellence across content. Originally from Bihar, she brings strong subject understanding to her reporting. A native of Bihar, Priyanka developed a strong foundation in journalism through her education in Mass Communication at Jaipur National University and an early internship in print media. Her career spans both print and digital platforms, with extensive coverage in education, business, astrology, and entertainment. Her strength lies in presenting trending and complex information in a clear, engaging, and reader-friendly manner. Priyanka is known for delivering accurate, insightful, and engaging content.
Priyanka Singh - Author at TimesBull
About the Author

Priyanka Singh

Priyanka Singh - Author at TimesBull

Priyanka Singh is an experienced journalist and Chief Copy Editor at Timesbull.com with more than six years of experience in digital media. She currently leads the Entertainment, Business, and Education desks, ensuring accuracy, clarity, and editorial excellence across content. Originally from Bihar, she brings strong subject understanding to her reporting....

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