GST RATE ON PHARMA

The GST rates with HSN codes on various pharmaceutical products is given under Chapter 30.



Medicines and drugs

HS code

GST rate

Animal/Human Blood Vaccines

5%

Insulin


5%

Diagnostic kits for detection of hepatitis

30

5%

Desferrioxamine injection

30

5%

Cyclosporin

30

5%

Medicaments used in biochemical systems with no brand name

30

5%

Oral rehydration salts

30

5%

Drugs including salts and esters and diagnostic test kits, specified in List 1 of this Schedule.

30

5%

Medicines manufactured as per the formulae described in the authoritative books

30

5%

Formulations manufactured from the bulk drugs as specified in List 2.

30

5%

Nicotine polacrilex gum

30

18%

Below medicines:

Menthol and menthol crystals
Peppermint
Fractionated / deterpenated mentha oil
Dementholised oil (DMO),
Spearmint oil
Mentha piperita oil

12%

All human/animal substances used for therapeutic purposes

12%

Glands and various organs (dried or powdered) for organo-therapeutic uses

12%

Bandage, wadding, gauge and similar types of items

12%

Pharmaceutical products such as sterile surgical catgut, sterile absorbable surgical/dental yarns, sterile tissue adhesives for surgical wound closure etc.

12%

Ayurvedic, Unani, Bio-chemic, siddha or homoeopathic medicines for therapeutic use

12%

No.... there is no such Notification in regard to reduce of rate in pharmaceutical

Agree with Pankaj Ji

Already I have mentioned the rates applicable on Pharma sector

Person is not asking for rates , he just want to confirm whether news is true or not.

But by analysing the rates he will be able to understand whether the pharma products he is willing to ask whether rate has been changed or not