28 July 2024
For GST registration as a medicine manufacturer, you will need to use specific HSN codes related to the products you manufacture. Here’s a general guide on HSN codes for various pharmaceutical products:
### **HSN Codes for Medicines and Pharmaceuticals**
1. **Medicinal and Pharmaceutical Products:** - **HSN Code:** **3004** - **Description:** Medicaments (excluding those in the form of tablets, powders, or other specific forms). - **GST Rate:** **12%** or **18%**, depending on the specific medicament.
2. **Tablets, Capsules, and Pills:** - **HSN Code:** **3003** - **Description:** Medicaments (excluding those for dental care or for use in specific forms such as tablets, capsules). - **GST Rate:** **12%** or **18%**, depending on the specific product.
3. **Medicinal Oils:** - **HSN Code:** **3004** - **Description:** Medicinal oils and other medicinal products in liquid form. - **GST Rate:** **12%** or **18%**, depending on the specific product.
4. **Pharmaceutical Raw Materials and Chemicals:** - **HSN Code:** **2933** - **Description:** Medicinal chemicals and plant extracts. - **GST Rate:** **12%** or **18%**, depending on the specific raw material.
6. **Vaccines:** - **HSN Code:** **3002** - **Description:** Vaccines for human use. - **GST Rate:** **5%**
### **General Notes:**
- **GST Rate Variations:** The GST rate for medicines and pharmaceutical products can vary depending on the exact nature of the product and its classification. It is advisable to check the specific GST rate applicable to each product under the GST rate schedule or consult with a tax advisor for precise information. - **Documentation:** When applying for GST registration, make sure to specify the HSN codes for the products you manufacture, as it will determine the applicable GST rates and compliance requirements.
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