The full exemption of GST on gene therapy provides significant benefits to individuals, particularly those who require this advanced and often expensive medical treatment. Here's how it impacts them:

The full exemption of GST on gene therapy provides significant benefits to individuals, particularly those who require this advanced and often expensive medical treatment. Here's how it impacts them:

1. Reduced Cost of Treatment

Gene therapy is a cutting-edge medical technology used to treat or prevent genetic disorders, cancers, and other severe conditions. These treatments are often high-cost. By exempting GST, individuals no longer bear the additional tax burden, resulting in lower treatment costs.

2. Increased Accessibility

The cost reduction makes gene therapy more affordable, encouraging wider adoption and improving access for patients who previously might not have been able to afford it.

3. Encouragement for Innovation

By reducing the financial strain on patients, the exemption indirectly promotes the use and development of gene therapy in India, which may lead to better healthcare options and advancements in the long run.

4. Support for Critical Illness Treatment

Many patients who require gene therapy suffer from life-threatening or chronic conditions. The exemption ensures that economic barriers are minimized, providing them with a better chance of receiving effective treatment.

5. Alignment with Public Health Goals

The GST exemption is a step towards making healthcare more inclusive and affordable, aligning with India’s broader goals of improving public health infrastructure and outcomes.

In summary, this exemption alleviates the financial burden on individuals, making life-saving and transformative treatments more attainable for those in need.