With other countries in terms of volume, India is the countries which produce the largest amount of generic medicines and nearly most of them are being sold from the Medical Store in Kolkata. Not every Indian is aware of the fact that Pharmaceutical industry of India occupies the 3rd position in the world. It is necessary to improve the healthcare services since the population is growing by leaps and bounds. In this sector, more than 5% of the Gross Domestic Product is invested.
Yes, you heard it absolutely right. The essential price of drugs is to be increased by 2.3%. The eyebrow of every industry has been raised since the GST bill has been passed recently. It might not be beneficial for the pharmacy industry, though the government felt that this Goods and Services Tax Bill will ease the taxation process. As far as employment and revenue are concerned, it is considered to be a major sector. Continue reading “What Is The Impact Of GST On The Well Known Medical Store In Kolkata”