GST ON HOSPITAL AND MEDICAL STORE

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Akhil Jain

Akhil Jain (Querist)
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17 June 2017 Impact of GST on hospital and medical store

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 June 2017 GST not applicable on hospital health services. GST applicable on medical stores 5% for all essential drugs.

Akhil Jain

Akhil Jain (Querist)
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17 June 2017 Sir could u please eleborate defination for essential drugs.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.

Akhil Jain

Akhil Jain (Querist)
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17 June 2017 Any exemption

Akhil Jain

Akhil Jain (Querist)
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17 June 2017 Or any other tax rate applicable other than 5%,say what is tax rate for surgical items, implants.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 June 2017 12% applicable for surgical items. Blood and blood components and contraceptives exempted.

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