GST Rate and Applicability on Medicines and Medical Supplies

GST Rate on Medicines

GST (Goods & Services Tax) regime was introduced in India in July 2017 to become the single indirect tax on the supply of goods and services. Under GST, various medical supplies and medicines are taxed according to the different rate segments, as illustrated below.

While the most crucial medical supplies such as human blood have been kept free of tax, premium medicinal products, including the ones containing nicotine polacrilex, attract 18% GST. A more detailed list is given below. Read More