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. 05/2024 dated 16 October 2024 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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