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Medicines attracts 12% GST under HSN code 3004. Calculate the exact tax below.
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Medicines is classified under HSN code 3004 for GST purposes. The Harmonized System of Nomenclature (HSN) code is used to classify goods systematically. This code must be mentioned on GST invoices when billing for medicines.
Most medicines and pharmaceutical preparations attract 12% GST. Life-saving drugs and certain specified medicines attract 5%. Ayurvedic medicines attract 12%.
Yes, input tax credit (ITC) is available on medicines for registered businesses. If you purchase medicines for business purposes, the GST paid (12%) can be claimed as ITC against your output tax liability, subject to conditions under Section 16 of the CGST Act.
Here are example calculations showing GST on medicines at 12% for common price points:
| Base Price | GST (12%) | CGST (6%) | SGST (6%) | Total |
|---|---|---|---|---|
| ₹100 | ₹12 | ₹6 | ₹6 | ₹112 |
| ₹500 | ₹60 | ₹30 | ₹30 | ₹560 |
| ₹1,000 | ₹120 | ₹60 | ₹60 | ₹1,120 |
| ₹5,000 | ₹600 | ₹300 | ₹300 | ₹5,600 |
More in Medical:
Other items at 12% GST:
Medicines attracts 12% GST in India under HSN code 3004. For intra-state sales, this is split into 6% CGST and 6% SGST. For inter-state sales, 12% IGST applies.
The HSN code for Medicines is 3004. HSN (Harmonized System of Nomenclature) codes are used to classify goods under GST. This code should be mentioned on all GST invoices.
To add 12% GST on medicines: GST Amount = Base Price × 12/100. Total = Base Price + GST Amount. For example, on ₹500: GST = ₹60, Total = ₹560.
Yes, registered businesses can claim input tax credit on medicines purchased for business purposes. The 12% GST paid can be offset against your output GST liability, subject to Section 16 conditions of the CGST Act.
Most medicines and pharmaceutical preparations attract 12% GST. Life-saving drugs and certain specified medicines attract 5%. Ayurvedic medicines attract 12%.