rate of gst on medicine

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CA Lakhbir Saini

CA Lakhbir Saini (Querist)
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04 July 2017 at wt rate medicine are taxable under GST

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 July 2017 5% GST applicable on the following other than this 12% rate applicable.

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.
8. 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.

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