Union Finance Minister Nirmala Sitharaman, addressing the media following the 55th GST Council meeting in Jaisalmer, Rajasthan, announced a significant decision aimed at making life-saving treatments more accessible. She revealed that gene therapy, a critical treatment for life-threatening diseases, has been fully exempted from GST. Previously taxed at 12%, this exemption is expected to enhance affordability and accessibility in the healthcare sector. This move underscores the GST Council's commitment to addressing healthcare challenges and supporting advanced medical treatments.

The 55th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Jaisalmer, Rajasthan