GST rate of tax for HSN code 30049011

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HSN code 30049011 relates to medicaments. Generally, the GST rate for these items is 12%. However, there are specific circumstances where a 5% GST rate applies, such as when supplied by a hospital or dispensary. An 18% GST rate is applicable for medicaments used in in-patient treatment.

Venkateshwarlu Pulluri

Venkateshwarlu Pulluri (Querist)
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01 July 2023 Good morning Sir/s,

what is the rate of tax for HSN Code 30049011, some of the suppliers levying only 5% GST on their suppliers to one my client, as seen in the portal it is showing 12%,

please let me clarify

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 July 2023 HSN code 3004 is used for Medicaments Mixed or Unmixed. This code is used to classify goods for taxation purposes. It is a harmonized system used globally to classify goods based on their nature and composition. The HSN code for a product is determined based on its main function, ingredients, and other factors.
The GST rates for Medicaments Mixed or Unmixed fall under HSN code 3004. As per the GST council, the rates for medicaments mixed or unmixed are as follows:

1. 12% GST for Medicaments (including those used in Ayurvedic, Unani, Siddha, Homeopathy or Bio-chemic systems).

2. 5% GST for Medicaments (including those used in Ayurvedic, Unani, Siddha, Homeopathy or Bio-chemic systems), supplied by a hospital or dispensary.

3. 18% GST for Medicaments (including those used in Ayurvedic, Unani, Siddha, Homeopathy or Bio-chemic systems) supplied for in-patient treatment.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 July 2023 Refer the rates in the table below...
https://cleartax.in/s/medicaments-mixed-unmixed-gst-rates-hsn-code-3004

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