GST ON HOSPITAL AND MEDICAL STORE
This query is : Resolved
Akhil Jain
(Querist)
17 June 2017
Impact of GST on hospital and medical store
CA R SEETHARAMAN
(Expert)
17 June 2017
GST not applicable on hospital health services. GST applicable on medical stores 5% for all essential drugs.
Akhil Jain
(Querist)
17 June 2017
Sir could u please eleborate defination for essential drugs.
CA R SEETHARAMAN
(Expert)
17 June 2017
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.
1. Animal or Human
Blood Vaccines
[3002, 3006
2. Diagnostic kits for
detection of all types
of hepatitis
3. Desferrioxamine
injection or
deferiprone
4. Cyclosporin
5. Medicaments
(including
veterinary
medicaments) used
in bio-chemic
systems and not
bearing a brand
name
6. Oral re-hydration
salts
7. 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.
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.
1. Animal or Human
Blood Vaccines
[3002, 3006
2. Diagnostic kits for
detection of all types
of hepatitis
3. Desferrioxamine
injection or
deferiprone
4. Cyclosporin
5. Medicaments
(including
veterinary
medicaments) used
in bio-chemic
systems and not
bearing a brand
name
6. Oral re-hydration
salts
7. 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.
Akhil Jain
(Querist)
17 June 2017
Any exemption
Akhil Jain
(Querist)
17 June 2017
Or any other tax rate applicable other than 5%,say what is tax rate for surgical items, implants.
CA R SEETHARAMAN
(Expert)
17 June 2017
12% applicable for surgical items. Blood and blood components and contraceptives exempted.
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