Finmin addressess concern over 5% rate on specific devices for physically challenged persons

Finance Ministry explains rationale behind GST rates fixed for assistive devices and rehabilitation aids for physically challenged persons, such as braille writers, canes, arithmetic aids, orthopedic appliances, external catheters and assistive listening devices; States that concessional 5% GST rate on these devices / equipment would enable the domestic manufacturers to avail Input Tax Credit of GST paid on their inputs and raw materials which attract 18%; Accumulated ITC in ...