Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

GST Rates on Pharmaceuticals Products and Diagnostic kits

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ST Rates on Pharmaceuticals Products and Diagnostic kits<br> Query (Issue) Started By: - RAHUL KHAKHRA Dated:- 9-6-2017 Goods and Services Tax - GST<br>GST<br>We have query on GST Rate Schedule for go....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ods (18th May-2017) for Chapter 30 (Pharmaceutical products). Against Ch.30, the GST tariff has been specified at 5% for the the products i.e- &quot;Drugs or medicines including their salts and ester....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s and diagnostic test kits, specified in List 3 or List 4 appended to the notification No.12/2012-Customs, dated the 17th March, 2012, &quot; In List.4 - at sr.no (32) Diagnostic kits for detection o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f HIV antibodies is listed. We understand that as it is part of List. 4, it will fall under GST - 5% tariff. However, HIV antibodies/ kits are fall under Central Excise Tariff -38220012 and above entr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y/notification is against CH.30 in GST schedule. Moreover, above entry/notification is not listed against chapter.38 in GST schedule. Therefore, there is no clarity that where HIV antibodies/ kits fal....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l under GST schedule tariff (5 % or 18%)<br> Discussion Forum - Knowledge Sharing ....