GST Tax Rates for Pharmaceutical products – Blood, Condom, I-pill, contraceptives, Nicotine
by Akansha Munjal 8.51K
Introduction
The GST tax rate has been released by the government of India along with the GST rate schedule. Under this article, we wish to present the GST tax rates on chapter 30 Pharmaceutical products along with the main heading of HSN code.
Chapter-30- Pharmaceutical products
This chapter contains the GST tax rates released by the government on Inorganic chemicals which are covered under Chapter 30 of HSN code.
1. Pharmaceutical products taxed at NIL rate of GST
HSN Code | Description |
---|---|
3002 | Human Blood and its components |
3006 | All types of contraceptives |
2. Pharmaceutical products taxed at 5 % rate of GST
HSN Code | Description |
---|---|
3002, 3006 | Animal or Human Blood Vaccines |
Diagnostic kits for detection of all types of hepatitis | |
Desferrioxamine injection or deferiprone | |
Cyclosporin, Medicaments (including veterinary medicaments) used inbio-chemic systems and not bearing brand name | |
Oral re-hydration salts | |
Drugs or medicines including their salts and esters and diagnostic test kits, specified in List 3 or List 4 appended to the notification No.12/2012- Customs dated the 17th March 2012, dated the 17th March 2012 | |
Formulations manufactured from the bulk drugs specified in List 1 of notification No.12/2012-Central Excise dated the 17th March 2012, dated the 17th March 2012. |
3. Pharmaceutical products taxed at 12% rate of GST
HSN Code | Description |
---|---|
All goods not specified elsewhere | |
3001 | Glands and other organs for organo-therapeutic uses, dried, whether or not powdered; extracts of glands or other organs or of their secretions for organo-therapeutic uses; heparin and its salts; other human or animal substances prepared for therapeutic or prophylactic uses, not elsewhere specified or included. |
3002 | Animal blood prepared for therapeutic, prophylactic or diagnostic uses; antisera and other blood fractions and modified immunological products, whether or not obtained by means of biotechnological processes; toxins, cultures of micro- organisms (excluding yeasts) and similar products |
3003 | Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of two or more constituents which have been mixed together for therapeutic or prophylactic uses, not put up in measured doses or in forms or packings for retail sale, including Ayurvedic, Unani, Siddha, Homoeopathic or Bio-chemic systems medicaments. |
3004 | Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale, including Ayurvedic, Unani, homoeopathic siddha or Bio- chemic systems medicaments, put up for retail sale. |
3005 | Wadding, gauze, bandages and similar articles (for example, dressings, adhesive plasters, poultices), impregnated or coated with pharmaceutical substances or put up in forms or packings for retail sale for medical, surgical, dental or veterinary purposes |
3006 | Pharmaceutical goods specified in Note 4 to this Chapter such as Sterile surgical catgut, similar sterile suture materials (including sterile absorbable surgical or dental yarns) and sterile tissue adhesives for surgical wound closure; sterile laminaria and sterile laminaria tents; sterile absorbable surgical or dental haemostatics; sterile surgical or dental adhesion barriers, whether or not absorbable etc., Waste pharmaceuticals [other than contraceptives]. |
4. Pharmaceutical products taxed at 18 % rate of GST
HSN Code | Description |
---|---|
Nicotine polarizes gum |
5. Pharmaceutical products taxed at 28 % rate of GST
There is no item here.
Conclusion
We have mentioned here the GST tax rates on Pharmaceutical products which are covered under chapter 30 of the HSN code. In case you have any query, you can contact us at info@hubco.in