GST Rate & HSN Code for Machinery, Lab Chemicals, Drugs

GST Rate & HSN Code for Machinery, Lab Chemicals, Drugs & Medicines – Chapter 98. GST Rates & HSN Codes for Machinery, Mowers, Gears, Transmission Equipments, Spare Parts, Lab Chemicals, Dutiable Articles, Drugs & Medicines. Hello Friends GST Council Release GST E-Book which Contains GST Rates on various goods with HSN Code, here we provide Chapter Wise GST Rates for Easy Understanding. In this article we provide Chapter 98 GST Rates for Machinery, Lab Chemicals, Drugs & Medicines etc Items..

The historic Goods and Services Tax (GST) regime would have already been rolled out, with effect from July 1st 2017. Our Prime Minister said recently on the GST preparedness that it is indeed a turning point in the country’s economy and unprecedented moment in the country’s history. The implementation of this biggest tax reform since independence in the spirit of One Nation, One Market, One Tax will benefit our national economy. Here you may find GST Rate & HSN Code for Machinery, Lab Chemicals, Drugs & Medicines..

Must Read – GST Rates

GST Rate & HSN Code for Machinery, Lab Chemicals, Drugs & Medicines

HSN Code Description Rate Revision
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 A 18%
980100 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 AL 18%
98010011 FOR INDUSTRIAL PLANT PROJECT 18%
98010012 FOR IRRIGATION PLANT 18%
98010013 FOR POWER PROJECT 18%
98010014 FOR MINING PROJECT 18%
98010015 PROJECT FOR EXPLORATION OF OIL OR OTHER MINERALS 18%
98010019 FOR OTHER PROJECTS 18%
98010020 COMPONENTS (WHETHER OR NOT FINISHED OR NOT) OR RAW MATERIALS FOR THE MANUFACTURE OF AFORESAID ITEMS REQUIRED FOR THE INITIAL SETTING UP OF A UNIT OR THE SUBSTANTIAL EXPANSION OF A UNIT 18%
98010030 SPARE PARTS AND OTHER RAW MATERIALS (INCLUDING SEMI-FINISHED MATERIALS OR CONSUMABLE STORES FOR THE MAINTENANCE OF PLANT OR PROJECT 18%
9802 LABORATORY CHEMICALS 18%
98020000 LABORATORY CHEMICALS 18%
9803 ALL DUTIABLE ARTICLES, IMPORTED BY A PASSENGER OR A MEMBER OF A CREW IN HIS BAGGAGE Nil
98030000 ALL DUTIABLE ARTICLES, IMPORTED BY A PASSENGER OR A MEMBER OF A CREW IN HIS BAGGAGE Nil
9804 ALL DUTIABLE ARTICLES, INTENDED FOR PERSONAL USE, IMPORTED BY POST OR AIR 5% 12% 28%
98041000 DRUGS AND MEDICINES 5% 12% 28%
98049000 OTHER 5% 12% 28%
9805 THE FOLLOWING ARTICLES OF STORES ON BOARD OF A VESSEL OR AIRCRAFT ON WHICH DUTY IS LEVIABLE UNDER THE CUSTOMS ACT, 1962 (52 OF 1962), NAMELY 0
98051000 PREPARED OR PRESERVED MEAT, FISH AND VEGETABLES; DAIRY PRODUCTS; SOUP; LARD; FRESH FRUITS 0
98059000 ALL OTHER CONSUMABLE STORES EXCLUDING FUEL, LUBRICATING OIL, ALCOHOLIC DRINKS AND TOBACCO PRODUCTS 0
98060000 ALL GOODS ORIGINATING IN OR EXPORTED FROM THE ISLAMIC REPUBLIC OF PAKISTAN 0

Disclaimer :  GST Rates given above are updated up to the notification no. 05/2020 dated 16 October 2020 to the best of our information. We have get this HSN code information from the master codes published on the official GST e-Invoice system. There may be Some changes due to updates by the government. Please Note that we are not responsible for any wrong information. If you need information about the “Effective Date” for every GST or cess rates, then please visit the CBIC website.

GST Rates 2017 by item wise at One Place in PDF

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