Policy▲ Bullish for Indian equities
GST Council may give export status to clinical trials for overseas sponsors
The brief
- GST Council may give export status to clinical trials for overseas sponsors
- Proposals include ITC relief on free samples and expired drugs, plus a 90% refund of accumulated credit
- Possible tax relief could ease working-capital pressure for Indian pharmaceutical and clinical-trial businesses
- GST Council may consider ITC relief for realty, construction, hospitality
- GST Council may widen ITC on business vehicles, ease interstate checks
- GST Council likely to align export definition with forex earnings, clarify on overseas branch services
- GST Council meet: Decriminalisation, export relief for GCCs top on the agenda
- GST enforcement may shift from 'arrest' to 'detect, recover and prosecute serious frauds'