GST rate on specified medicines set at a reduced rate, covering listed drugs and diagnostic kits under Schedule I. Goods classified as drugs or medicines listed in List 1 appended to Schedule I, including vaccines, biologicals and diagnostic kits, attract a reduced GST @ 5%. The list itemises specific pharmaceutical products, sera, immunoglobulins, diagnostic reagents, contrast agents and related medical consumables which qualify for the concessional rate. A clarification on the GST applicability to human blood plasma is provided by the cited administrative circular. Entries have been added to the Schedule by subsequent notifications inserted as noted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST rate on specified medicines set at a reduced rate, covering listed drugs and diagnostic kits under Schedule I.
Goods classified as drugs or medicines listed in List 1 appended to Schedule I, including vaccines, biologicals and diagnostic kits, attract a reduced GST @ 5%. The list itemises specific pharmaceutical products, sera, immunoglobulins, diagnostic reagents, contrast agents and related medical consumables which qualify for the concessional rate. A clarification on the GST applicability to human blood plasma is provided by the cited administrative circular. Entries have been added to the Schedule by subsequent notifications inserted as noted.
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