Amway looking for GST rationalisation

Direct selling major Amway on Tuesday said it is looking forward to GST rationalisation on healthcare supplements from 18 per cent to 5 per cent, given the focus on a holistic healthcare system in the Union Budget 2021-22.

Amway India CEO Anshu Budhraja said in this context, the budget provides a big boost to the Aatma Nirbhar vision which will propel growth for all industries alike.

"As a nutrition and wellness company, it was heartening to witness health and well-being as one of six key pillars for the proposals. In fact, the emphasis on preventive healthcare and launch of Mission Poshan 2.0 will strengthen nutritional content, delivery, outreach, and outcome and will further augur well for the nutraceutical industry," he said.

Budhraja said, "We were looking forward to GST rationalisation on healthcare supplements from 18 per cent to 5 per cent.”