Viagra is a popular prescription drug among men, especially those with ED or impotence problems. The drug is a sildenafil citrate, which is a PDE-5 inhibitor. Sildenafil citrate is a prescription medication approved in India, the United Kingdom, and the United States for the treatment of erectile dysfunction. It is also available as a generic medication.
The question is: Is Viagra taxed in India?
To answer this question, one first needs to understand what is the meaning of “trying to avoid paying taxes”?
“Trying to avoid paying taxes” means that a taxpayer takes certain measures to reduce the amount of tax that they have to pay. It does not always mean that a taxpayer is attempting to defraud the government. For example, if a taxpayer earns a large sum of money but lives a modest lifestyle, then that person may choose to itemise their deductions instead of taking the standard deduction. In either case, the taxpayer is attempting to “game the system” in order to pay less tax.
Now that we have the basics out of the way, let’s explore whether Viagra is taxed in India.
What Is The Excise Duty On Viagra In India?
The Excise Duty On Viagra In India is the amount of tax that is imposed on the manufacture and sale of the medication. It is imposed by the government as a countermeasure against pharmaceutical companies which they suspect of overcharging the government for medication.
The Excise Duty On Viagra In India is directly related to the price of the drug. The higher the price, the greater the Excise Duty. To find the Excise Duty On Viagra In India for a specific product, simply search for that product and select the Country option which is displayed along with the applicable Excise Duty. You can also click here to access an online calculator which will help you determine the exact amount of excise duty that you need to pay.
Is There A Sales Tax On Viagra In India?
Yes, there is a sales tax on Viagra In India. However, this tax is only applicable to certain locations and to certain products which are sold within those locations. In general, the rule is:
If you are traveling to another location (city or state) then yes, there is a sales tax which will be applicable to your purchase. However, if you are traveling within the same location (city or state) then no, there is no sales tax.
The exemption for Viagra is as follows:
If you are traveling to another location (city or state) then yes, there is a sales tax which will be applicable to your purchase. However, if you are traveling within the same location (city or state) then no, there is no sales tax.
The exemption for Viagra is as follows:
If you are traveling to another location (city or state) then yes, there is a sales tax which will be applicable to your purchase. However, if you are traveling within the same location (city or state) then no, there is no sales tax.
You will generally be required to pay the sales tax as you leave the store since it is not collected as part of the purchase. So, if you are traveling within the same location, you can either pay the tax as you leave the store with your order or add it to your bill at the end of the store visit.
Adding excises and sales taxes to a product may make it more expensive than buying that product without the extra taxes. Since the price of Viagra varies from Rs. 400 to Rs. 1200 per pill, depending on the strength of the ingredient, it is generally best to avoid paying the extra taxes. The rule of thumb is: If you are in India and want to buy medication which is listed above, then it is advisable to buy it without any added taxes.
How Does The Manufacturing Process Of Viagra In India Affect Its Price?
The manufacturing process of Viagra In India greatly affects its price. In general, the manufacturing process for any pharmaceutical product is expensive and requires a lot of time. This is especially true for medications which are manufactured using traditional methods. These methods are more expensive and require more time to perfect than the more modern techniques used by pharmaceutical companies. For example, if you check out the ingredient in Viagra, you will see that it contains a variety of natural and artificial ingredients, many of which are extracted from plants and/or animals which are farmed, raised, or caught in hunting grounds. Many of these ingredients are patented and trademarked by the company which created them. This is why the cost of manufacturing Viagra is higher than the cost of simply buying the inactive ingredients from a supplier.
Are All The Excise Duties On Viagra Collected?
Yes, all the Excise Duties on Viagra are collected. However, not all of them are imposed by the government. Some of the Excise Duties on Viagra are collected by private companies which specialize in collecting taxes for the government.
These companies, called “revenue agents”, will usually visit several locations (pharmacies, gas stations, etc) per day. They will examine the price of medication and verify whether or not the customer is entitled to a refund. If the customer is entitled to a refund, the agent will request a form filled out by the customer which lists all their medications and the amount which they are owed. The agent will then process the paperwork and, if all is done properly, the customer will receive a refund.
The good thing is that this process can be avoided by patients who are suffering from erectile dysfunction. Simply follow these steps:
- Purchase a pack of Viagra at a pharmacy which is eligible for the government’s refund program
- Upon leaving the pharmacy, ask the clerk to initial each box of Viagra
- Take the initialed boxes to an authorized revenue agent who will process the refund
How Much Does It Cost To Register A Medicinal Product?
Every country has a form which patients must fill out before taking a specific medicine. The form is generally called “compendium contraindication” and, in India, it is called the “Home Product Registration Form”.
This form is used to determine whether or not the customer is eligible to purchase a specific medication. When filling out this form, one needs to check off all the applicable reasons which make him or her unfit to purchase that medication. If one checks off the wrong box then one is issued a “no certificate”. Once one has received the no certificate, it is not possible to register that medicine again.