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 

MEET US

What Clients Say

Customer delight is our main goal and we are very serious about it.



Prakash Verma

“Finacbooks.com is a perfect example of a great customer service dealing with the best of accountancy services.“




Praveen Chauhan

“They offered us good quality services in a least possible time at a best Price.“




Pradeep Kochhar

“Finacbooks.com is a trusted network of highly qualified accounting professionals who not only provided us quality accountancy services but also supported us by answering our each & every query on time without any delay. “


Informational, useful and resourceful

Blogs

Catch up our trending topics, news etc. in a simple, detailed and most professional way.

Government Approved Valuers in India
14 Oct, 2019

Government Approved Valuers Government Approved Valuers offer different valuation services in India. It is a non-profit, international... Read More

Form 26QB: Payment of TDS on Sale of Property
10 Oct, 2019

What is Form 26QB? As per finance bill 2013, TDS is applicable only on sale of immovable property whose value is equal or greater than... Read More

Form 60: How to submit Form 60 if you don’t have PAN Card?
10 Oct, 2019

What is Form 60 of Income Tax? It is a declaration filed by an individual in the absence of PAN card in order to carry out specific... Read More

CONTACT US

We Are Everywhere

We are having a wide network operating all across India as well as Internationally.

Contact Us


30+ Offices in
India

10+ Years Experience

Save Your
Time

Quick Turn around Time

Qualified Professionals

Excellent Customer Service

Pan India Network

Our Network

Connect with our chartered accountant in your city


 

Sign up to our

Newsletter

Tax news for chartered accountants, businesses and individual.