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Jan 13
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Posted by:MyEfilings
Chapter 98 GST Rates and HSN Codes for Machinery, Lab Chemicals, Drugs and Medicines

The most confusing part during GST Registration process of any business is to find out correct GST Rates and HSN Codes / SAC Codes for Goods and Services. You can use GST Rate finder given on top of this page to find out HSN Codes or SAC Codes and their respective GST Rates.

Here we have provided the latest GST Rates with their respective HSN Codes for Chapter 98 – Machinery, Lab Chemicals, Drugs and Medicines

HSN Code

HSN Description

Rate (%)

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.

18

9802

Laboratory chemicals

18

9803

Passenger baggage

Nil

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.

5

9804

Other Drugs and medicines intended for personal use

12

9804

Numismatic coins

28

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