Rate of tax for drugs &mediines


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Querist : Anonymous

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Querist : Anonymous (Querist)
22 May 2017 respected sir ,
what is the rate of tax for drugs &medicines sold in retail medical shops and used by consumers.whether it is 5% or 12% .there is confusion .
please discuss

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Expert : Anonymous

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Expert : Anonymous (Expert)
22 May 2017 Rate of gst is 5%

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 May 2017 in my opinion 5% is for bulk drugs .and 12% is for all drugs and medicines for sale in retail counters for consumers including ayurvedic ,homio and others

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Expert : Anonymous

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Expert : Anonymous (Expert)
22 May 2017 In case of retail it is 12% also u can check list as uploaded in caclubindia in shares files


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