GST Tax Rates for Pharmaceutical products – Blood, Condom, I-pill, contraceptives, Nicotine

Introduction

The GST tax rate has been released by the government of India along with the GST rate schedule. Under this article, we wish to present the GST tax rates on chapter 30 Pharmaceutical products along with the main heading of HSN code.

 

Chapter-30- Pharmaceutical products

This chapter contains the GST tax rates released by the government on Inorganic chemicals which are covered under Chapter 30 of HSN code.

 

1. Pharmaceutical products taxed at NIL rate of  GST

HSN Code	Description
3002	Human Blood and its components
3006	All types of contraceptives

 

2. Pharmaceutical products taxed at 5 % rate of GST

HSN Code	Description
3002, 3006	Animal or Human Blood Vaccines
	Diagnostic kits for detection of all types of hepatitis
	Desferrioxamine injection or deferiprone
	Cyclosporin, Medicaments (including veterinary medicaments)   used inbio-chemic systems and not bearing brand name
	Oral re-hydration salts
	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
	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.

 

3. Pharmaceutical products taxed at 12% rate of GST

HSN Code	Description
All goods not specified elsewhere
3001	Glands and other organs for organo-therapeutic uses, dried, whether or not powdered; extracts of glands or other  organs  or  of their  secretions  for organo-therapeutic uses; heparin and its salts; other human or animal substances prepared for therapeutic or prophylactic uses, not elsewhere specified or included.
3002	Animal blood prepared for therapeutic, prophylactic or diagnostic uses; antisera and other blood  fractions  and modified immunological products, whether or not obtained by means of  biotechnological processes; toxins, cultures of micro- organisms (excluding yeasts) and similar products
3003	Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of two or more constituents which have been mixed together for therapeutic or prophylactic uses, not put up in measured doses or in forms or packings for retail sale, including Ayurvedic, Unani, Siddha, Homoeopathic or Bio-chemic systems medicaments.
3004	Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put  up  in  measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale, including Ayurvedic, Unani, homoeopathic siddha or Bio- chemic systems medicaments, put up for retail sale.
3005	Wadding, gauze, bandages and similar  articles  (for example,   dressings, adhesive plasters, poultices), impregnated or coated with pharmaceutical substances or put up in forms or packings for retail sale for medical, surgical, dental or veterinary purposes
3006	Pharmaceutical goods specified in Note 4 to this Chapter such as Sterile surgical catgut, similar sterile suture materials (including sterile absorbable surgical or dental yarns) and sterile tissue adhesives for surgical wound closure; sterile laminaria and sterile laminaria tents; sterile absorbable surgical or dental haemostatics; sterile surgical or dental adhesion barriers, whether or not absorbable etc., Waste pharmaceuticals [other than contraceptives].

 

4. Pharmaceutical products taxed at 18 % rate of GST 

HSN Code	Description
	Nicotine polarizes gum

 

5. Pharmaceutical products taxed at 28 % rate of GST

There is no item here.   

 

Conclusion

We have mentioned here the GST tax rates on Pharmaceutical products which are covered under chapter 30 of the HSN code. In case you have any query, you can contact us at info@hubco.in