GST Rate for Medicine: 12%
GST rate for Medicine — 12% under HSN/SAC 3004. HSN/SAC code: 3004. For intra-state sales, charge CGST 6% + SGST 6%; for inter-state, charge IGST 12%.
How to charge GST on Medicine
Add 12% GST on the taxable value. Example: if the base price is ₹1,000, GST = ₹120, total = ₹1120.
FAQ
- What is the GST rate for Medicine?
- Medicine attracts 12% GST under HSN/SAC 3004.
- What is the HSN/SAC code for Medicine?
- Use HSN/SAC 3004 on your GST invoice for Medicine.
- Is Medicine GST exempt?
- Most Medicine attract 12% GST. Check exemptions under the GST Act for your specific case.
- How do I charge GST on Medicine?
- Add 12% GST to the invoice value. For intra-state sales charge CGST+SGST, for inter-state charge IGST.
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