GST scheduled rate on sale or purchase of Insulin
What is the present Indian GST charges on Insulin? Any Goods and Service Tax rate for Insulin? GST duty payable on Insulin?
This information is about GST slab rate on Insulin.
The rate of GST on Insulin fixed by GST council at the introduction of GST in July, 2017 is 5%
We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. under GST- 5 percent for essential goods, standard rate of 12 and 18 percent, high rate of 28 percent and peak rate of 28 percent plus cess for luxury items. The most essential goods and services attract nil rate of GST under Exempted Categories
This details about GST rate tariff on Insulin is only for information. The validity of above information and amendments about GST rate on Insulin may be verified before any business dealing.
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