Yoga guru Ramdev-promoted Patanjali Ayurved has expressed his disappointment with the government’s decision to impose 12% GST and asked them to reconsider it.
According to Patanjali Ayurved spokesperson SK Tijarawala if the suggested GST rates are implemented it will no longer be affordable. At present, the ayurvedic medicines and products have a total tax incidence of 8% to 9% depending on the product.
“We request the government to reconsider the GST rate suggested for the ayurvedic products. The rate on the medicines needs to be decided in a way that it reaches consumers at affordable prices. This increase in the GST rate is quite disappointing.”
The company believes that if the new rate is implemented, it will increase the tax rate on such items and thus contradict’s the government’s efforts to promote traditional Indian alternative medicine.
Dabur too has echoed similar views on the proposed GST and expressed its disappointment with the GST Council’s decision to levy 12 % tax rate on ayurvedic medicines and products.