GST on Medicines and Medical Supplies in India




GST on Medicines and Medical Supplies in India

Knowledge of GST on medicinal products and health supplies is essential, particularly in this time of coronavirus outbreak. On 3 June 2017, the GST Council agreed on the GST rates for medicinal products in India. As we all know, under Council decision 5%, 12%, 18%, 28%, and the GST is collected at five different rates, based on the HSN code of the goods. In addition, the HSN Code Chapter 37 classifies medications and drugs.

Therefore, the GST on Medicines and Medical Supplies in India is being read in this article.

Know about GST on Medicines 

It should be noted that the NIL GST rate is levied on blood, by-products, and every contraceptive.

Similarly, for TB vaccinations and life-saving drugs, AIDS, diabetes, malaria, and so on have the lowest GST rate of 5 percent.

In addition, the maximum GST rate is just 18% in medicines such as nicotine gum including polacrilex. Finally, there is no GST tax rate of 28 percent for medicines or medical goods.

GST is, however, imposed at 28% for some other pharmaceutical products and services.

Medicines and Medical Supplies

HS code

GST on Medicines and Medical Supplies

Animal/Human Blood Vaccines

3002, 3006

5%

Insulin

30

5%

Diagnostic kits for detection of hepatitis

30

5%

Desferrioxamine injection

30

5%

Cyclosporin

30

5%

Medicaments used in biochemical systems with no brand name

30

5%

Oral rehydration salts

30

5%

Drugs including salts and esters and diagnostic test kits, specified in List 1 of this Schedule.

30

5%

Medicines manufactured as per the formulae described in the authoritative books 

30

5%

Formulations manufactured from the bulk drugs as specified in List 2.

30

5%

Nicotine polacrilex gum

30

18%

Below medicines:

  • Menthol and menthol crystals

  • Peppermint 

  • Fractionated / deterpenated mentha oil

  • Dementholised oil (DMO),

  • Spearmint oil

  • Mentha piperita oil

30

12%

All human/animal substances used for therapeutic purposes

3002

12%

Glands and various organs (dried or powdered) for organo-therapeutic uses

3001

12%

Bandage, wadding, gauge, and similar types of items

3005

12%

Pharmaceutical products such as sterile surgical catgut, sterile absorbable surgical/dental yarns, sterile tissue adhesives for surgical wound closure, etc.

3006

12%

Ayurvedic, Unani, Bio-chemic, Siddha or homeopathy medicines for therapeutic use

3003,3004

12%

To know more about GST on Medicines and Medical Supplies in India

If you want any other guidance related to GST Registration, please feel free to talk to our business advisors at 8881-069-069.



Author Biography.

E-Startup India
E-Startup India

E-Startup India is a team of highly professional CA, CS, Lawyers who driving towards integration of technology with traditional practices to cater the need of MSMEs in the fast moving and cost effective world. We render range of online services for businesses running in India like Company Incorporation, GST Registration, ISO certification, Import Export Code, MSME Registration, Trademark, Copyright, Patent, Tax Return filing, do accounting, legal and financial compliance(s).

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