GST Rate & HSN Code for Machinery, Lab Chemicals, Drugs & Medicines
GST Rate for Machinery, Lab Chemicals, Drugs & Medicines - Chapter 98
| Description | GST Rate (%) | Effective From |
|---|---|---|
| Laboratory chemicals | 18 | 28/06/2017 |
| Passenger baggage | NIL | 28/06/2017 |
| All items of machinery including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of the aforesaid items and their components, required for the initial setting up of a unit, or the substantial expansion of an existing unit, of a specified: (1) industrial plant, (2) irrigation project, (3) power project, (4) mining project, (5) project for the exploration for oil or other minerals, and (6) such other projects as the Central Government may, having regard to the economic development of the country notify in the Official Gazette in this behalf; and spare parts, other raw materials (including semi-finished materials of consumable stores) not exceeding 10% of the value of the goods specified above, provided that such spare parts, raw materials or consumable stores are essential for the maintenance of the plant or project mentioned in (1) to (6) above. | 18 | 28/06/2017 |
| Drugs or medicines including their salts and esters and diagnostic test kits specified at S.No.180 above and Formulations specified at S.No.181 above, intended for personal use. | 5 | 28/06/2017 |
| Other Drugs and medicines intended for personal use | 12 | 28/06/2017 |
| All dutiable articles intended for personal use | 28 | 28/06/2017 |
HSN Code for Machinery, Lab Chemicals, Drugs & Medicines - Chapter 98
| HSN Code | Description | Related Export / Import HSN Code |
|---|---|---|
| 9802 | Laboratory chemicals | 98020000 |
| 9803 | Passenger baggage | 98030000 |
| 9801 | All items of machinery including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of the aforesaid items and their components, required for the initial setting up of a unit, or the substantial expansion of an existing unit, of a specified: (1) industrial plant, (2) irrigation project, (3) power project, (4) mining project, (5) project for the exploration for oil or other minerals, and (6) such other projects as the Central Government may, having regard to the economic development of the country notify in the Official Gazette in this behalf; and spare parts, other raw materials (including semi-finished materials of consumable stores) not exceeding 10% of the value of the goods specified above, provided that such spare parts, raw materials or consumable stores are essential for the maintenance of the plant or project mentioned in (1) to (6) above. | 98010011, 98010012, 98010013, 98010014, 98010015, 98010019, 98010020, 98010030 |
| 9804 | Drugs or medicines including their salts and esters and diagnostic test kits specified at S.No.180 above and Formulations specified at S.No.181 above, intended for personal use. | 98041000, 98049000 |
| 9804 | Other Drugs and medicines intended for personal use | 98041000, 98049000 |
| 9804 | All dutiable articles intended for personal use |
Disclaimer: There may be some variations in given GST rates as per the Government's latest updates followed by GST Council meeting. If you are looking for GST rate before "Effective from", please check on government website.
Tags
GST Rate for Passenger baggage GST Rate for prime movers GST Rate for transmission equipment GST Rate for auxiliary equipment GST Rate for Drugs GST Rate for medicines GST Rate for dutiable articles HSN Code for Passenger baggage HSN Code for prime movers HSN Code for transmission equipment HSN Code for auxiliary equipment HSN Code for Drugs HSN Code for medicines HSN Code for dutiable articles
What Clients Say
Prakash Verma
Praveen Chauhan
Pradeep Kochhar
Blogs
In today's dynamic business landscape, navigating through various regulatory requirements and financial obligations can be... Read More
FinacBooks is a reliable platform that helps business owners in getting verified leads. It offers various services and solutions that can... Read More
Starting a new business in India requires several legal procedures, paperwork, and timely compliance with regulatory authorities. Company... Read More
