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of <h1>GST on Gene Therapy Reduced to Nil Effective January 2025; Updates on Pre-Packaged Goods Definitions Under Legal Metrology Act</h1> The West Bengal Finance Department issued Notification No. 342-F.T. on March 3, 2025, amending a previous notification from June 28, 2017. The amendment reduces the Goods and Services Tax (GST) rate on Gene Therapy from 12% to nil, effective January 16, 2025. This change is made under the West Bengal Goods and Services Tax Act, 2017, following recommendations from the Council. Additionally, the definition of 'pre-packaged and labelled' commodities is updated to align with the Legal Metrology Act, 2009, specifying requirements for retail sale packaging and labeling.
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