Health ministry has identified 320 chemical compounds, which are 'zero-rated' under GST, covering over 4,200 brands.
The Government has no intention to exempt all medicines from the Goods and Services Tax (GST) when it is implemented in April next year.
Health Minister S Subramaniam said the ministry had already identified 320 chemical compounds, which were approved as ‘zero-rated’ under the GST, involving more than 4,200 brands of medicine.
“So far, there has been no attempt to exempt 100 per cent of the medicines from the GST…but we are also trying to get basic medical equipment to manage patients and treatments falling under the category,” he said after launching the Malaysia Neuro Symposium (MNS) Thursday.
He said non-essential drugs would be bound for the GST upon implementation of tax, beginning April next year.
Subramaniam said this in response to the Malaysian Pharmaceutical Society (MPS) which had on Monday, appealed to the government for all medicines to be zero-rated under the GST.
- BERNAMA
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