Hsn code for gst regt.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2017
sir, what is the hsn code for (sell, stoke & distribute drugs )for gst registration ?
Read more at: https://www.caclubindia.com/articles/concept-of-hsn-sac-under-gst-rules-30380.asp
Read more at: https://www.caclubindia.com/articles/concept-of-hsn-sac-under-gst-rules-30380.asp
28 July 2017
you need to go through sub chapter 3001 for drugs
28 July 2017
HSN Code as Per List https://www.caclubindia.com/share_files/details.asp?mod_id=73534
28 July 2024
For the activities related to selling, stocking, and distributing drugs, the relevant HSN (Harmonized System of Nomenclature) codes for GST registration are as follows:
### **HSN Code for Drugs and Pharmaceuticals**
1. **Pharmaceutical Products:**
- **HSN Code: 3004**
- **Description:** This code covers "Medicaments (excluding goods of heading 3002, 3005, or 3006), consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses or in forms or packings for retail sale."
- **GST Rate:** **12%** (comprising 6% CGST and 6% SGST for intra-state supplies, or 12% IGST for inter-state supplies).
2. **Other Medical and Surgical Goods:**
- **HSN Code: 9018**
- **Description:** This code includes "Instruments and appliances used in medical, surgical, dental, or veterinary sciences."
- **GST Rate:** **12%** (comprising 6% CGST and 6% SGST for intra-state supplies, or 12% IGST for inter-state supplies).
### **Summary:**
- **HSN Code for Selling, Stocking, and Distributing Drugs:**
- **3004**: For medicaments and pharmaceuticals.
- **9018**: For medical and surgical instruments and appliances.
- **GST Rate:** **12%** for both categories.
### **Additional Notes:**
1. **Specific Products:** Ensure that you are using the correct HSN code that precisely matches the products you deal with. For example, if you are dealing with specific types of drugs or pharmaceutical products, you might need to check if there are more specific codes within the broader HSN categories.
2. **Consultation:** If you are dealing with a wide range of pharmaceutical products or medical equipment, consulting with a GST professional or tax advisor can help you determine the exact HSN codes and ensure accurate GST compliance.
3. **Documentation:** Accurately reflect the HSN codes and GST rates on your invoices and maintain proper records to ensure compliance with GST regulations.
### **HSN Code for Drugs and Pharmaceuticals**
1. **Pharmaceutical Products:**
- **HSN Code: 3004**
- **Description:** This code covers "Medicaments (excluding goods of heading 3002, 3005, or 3006), consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses or in forms or packings for retail sale."
- **GST Rate:** **12%** (comprising 6% CGST and 6% SGST for intra-state supplies, or 12% IGST for inter-state supplies).
2. **Other Medical and Surgical Goods:**
- **HSN Code: 9018**
- **Description:** This code includes "Instruments and appliances used in medical, surgical, dental, or veterinary sciences."
- **GST Rate:** **12%** (comprising 6% CGST and 6% SGST for intra-state supplies, or 12% IGST for inter-state supplies).
### **Summary:**
- **HSN Code for Selling, Stocking, and Distributing Drugs:**
- **3004**: For medicaments and pharmaceuticals.
- **9018**: For medical and surgical instruments and appliances.
- **GST Rate:** **12%** for both categories.
### **Additional Notes:**
1. **Specific Products:** Ensure that you are using the correct HSN code that precisely matches the products you deal with. For example, if you are dealing with specific types of drugs or pharmaceutical products, you might need to check if there are more specific codes within the broader HSN categories.
2. **Consultation:** If you are dealing with a wide range of pharmaceutical products or medical equipment, consulting with a GST professional or tax advisor can help you determine the exact HSN codes and ensure accurate GST compliance.
3. **Documentation:** Accurately reflect the HSN codes and GST rates on your invoices and maintain proper records to ensure compliance with GST regulations.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- Putting a heading on received mail
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
