Budget expectations 2021 has been saved
Budget expectations 2021
Life Sciences and Health Care
Top three asks:
- Improved health care through funding: Increasing public spending through subsidised loans, providing land for new hospitals, and encouraging Corporate Social Responsibility (CSR) spend by allowing it as a tax-deductible expense.
- Targeted incentives: Tax holidays for new hospitals in rural areas, weighted deductions, and tax holiday regimes for promoting India as a compelling R&D destination.
- Increased affordability through reduced GST impact: Categorising life-saving drugs at the lowest rate of GST and “zero-rating” of GST for health care services.