GST Rate & HSN Code for Machinery, Lab Chemicals, Drugs & Medicines – Chapter 98

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..

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

HSN CodeDescriptionRate Revision
9801ALL 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 A18%
980100ALL 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 AL18%
98010011FOR INDUSTRIAL PLANT PROJECT18%
98010012FOR IRRIGATION PLANT18%
98010013FOR POWER PROJECT18%
98010014FOR MINING PROJECT18%
98010015PROJECT FOR EXPLORATION OF OIL OR OTHER MINERALS18%
98010019FOR OTHER PROJECTS18%
98010020COMPONENTS (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 UNIT18%
98010030SPARE PARTS AND OTHER RAW MATERIALS (INCLUDING SEMI-FINISHED MATERIALS OR CONSUMABLE STORES FOR THE MAINTENANCE OF PLANT OR PROJECT18%
9802LABORATORY CHEMICALS18%
98020000LABORATORY CHEMICALS18%
9803ALL DUTIABLE ARTICLES, IMPORTED BY A PASSENGER OR A MEMBER OF A CREW IN HIS BAGGAGENil
98030000ALL DUTIABLE ARTICLES, IMPORTED BY A PASSENGER OR A MEMBER OF A CREW IN HIS BAGGAGENil
9804ALL DUTIABLE ARTICLES, INTENDED FOR PERSONAL USE, IMPORTED BY POST OR AIR5% 12% 28%
98041000DRUGS AND MEDICINES5% 12% 28%
98049000OTHER5% 12% 28%
9805THE FOLLOWING ARTICLES OF STORES ON BOARD OF A VESSEL OR AIRCRAFT ON WHICH DUTY IS LEVIABLE UNDER THE CUSTOMS ACT, 1962 (52 OF 1962), NAMELY0
98051000PREPARED OR PRESERVED MEAT, FISH AND VEGETABLES; DAIRY PRODUCTS; SOUP; LARD; FRESH FRUITS0
98059000ALL OTHER CONSUMABLE STORES EXCLUDING FUEL, LUBRICATING OIL, ALCOHOLIC DRINKS AND TOBACCO PRODUCTS0
98060000ALL GOODS ORIGINATING IN OR EXPORTED FROM THE ISLAMIC REPUBLIC OF PAKISTAN0

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.

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