GST Council should consider lowering tax on household insecticides to 5%: EY-HICA report
A report by EY-HICA suggests reducing the GST rate on household insecticides from 18% to 5% to combat vector-borne diseases and improve preventive healthcare outcomes. The household insecticides industry in India has a significant market penetration, with the market size expected to be ₹8,138 crore by 2025.
The GST Council should consider reducing the tax rate on household insecticides from 18% to 5%, according to a report by EY-HICA. Household insecticides play a crucial role in India's preventive health ecosystem, particularly at the household level. The current 18% GST rate affects the affordability and access to these products, especially among vulnerable populations. Vector-borne diseases such as malaria, dengue, and chikungunya pose a significant public health challenge in India. The household insecticides market in India has a penetration of 92-99% in urban areas and 64-73% in rural areas, with a market size of ₹8,138 crore expected by 2025. Rationalizing the GST rate to 5% will improve affordability and support the formalization of the sector.
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