999 Some musings and reflections on Global and Indian Business Trends

The new GST (Goods and Services Tax) Regime, which is going to come into force, seems to place a larger tax burden, on the traditional system of Indian Medicine, popularly known as 'Ayur vEda' Approx. English: Knowledge of Life. The News Report at Deccanchronicle.com titled "Patanjali ask govt about 'Achchhe Din' after high GST on ayurveda items " throws some light on the things to come: Click here to go http://www.deccanchronicle.com/business/companies/280517/patanjali-ask-govt-about-achchhe-din-after-high-gst-on-ayuveda-items.html. The anxiety expressed by Baba Ramdev and Association of Manufacturers of Ayurvedic Medicines (AMAM), about the higher rate of 12% GST which is going to be imposed on Ayurvedic Medicines, is genuine and worth noting. We shall analyse some quotes from the Deccanchronicle.com, on the anxieties of the Ayurveda Sector.

News /anxiety	ybrao-a-donkey's personal view
how can people feel and live 'Achchhe Din' without the right to good health?	Even prior to GST, Ayurvedic Medicines were pretty costly, may be due to a steep VAT Rate, and Ayurveda like Allopathy used to be expensive even before GST. GST of 12% makes it further costlier.
GST rate for classical or generic range of ayurvedic medicines must be nil and 5 per cent for patented products instead of the proposed 12 per cent.	Pure Ayurvedic Medicines, particularly vrikshAyurveda medicines, based on ancient texts, needs to be placed in 0% GST bracket. For patented medicines, tax rate can be even 12%. Reason: Some patented medicines made by some Manufacturers are not really Ayurvedic. To avoid some allopathic drug licensing regulations, the Allopathic Pharma Manufacturers seem to be pushing their goods as Ayurvedic medicines. AMAM will have to take the responsibility of identifying such non-ayurvedic but allopathic manufacturers, and bringing their cases to the notice of the Government for corrective action.
Higher GST on ayurvedic category has surprised us and is very disappointing and disheartening	Union Finance Minister will have to correct it.
ayurveda, which provides care and cure to common man at affordable price and is ancient and proven therapy for ages, doesn't deserve such treatment. "Good health and healthy living is common man's basic right and expectation. Without all these, how can one feel and live 'Achchhe Din' ?	We have to accept.
The Indian government has been aggressively promoting ayurvedic products internationally but what's the point of doing these things when the tax rate is so high and the common people can't afford it at home? ... This is sad and unfortunate as the Prime Minister is doing his best to boost the AYUSH system.	Personally, this ybdonkey does not believe that PMOI will be interested to help Ayurveda.
The previous UPA government "treated ayurveda industry as step child, but this government has taken steps to take it forward. ... High tax rate proposed under GST will make Ayurvedic, Sidha and Unani medicines out of reach of common man and kill the system".	Both the present and previous Governments are/were not interested to promote Native Systems of Medicines. (Note: Homoeopathy is not Native to India.
If homeopathic products could be put under 5 per cent slab under GST, ayurvedic products should also be kept under the rate.	Homoeopathic medicines contain no medical substances except milk sugar, alcohol and sugar globules. Reasons: Homoeo medicines are extremely diluted with alcohol, in the name of creating potencies. When medicines are extremely dilutely, for alcohol, milk sugar and dilution, the cost of production will be very nominal. Actually, it is high time that India should ban Homoeopathy in our country. It is nothing but placebo. If banning is not possible, in view of high profitability, there is nothing wrong in levying higher taxes. On the other hand, ayurvedic herbs are dificult to cultivate, store, and production costs will be higher when compared to homoeopathy.

To come back and continue adding / deleting / modifying. सशेेष. ఇంకా ఉంది.