What is GST % in pharmaceuticals?

The 𝐆𝐨𝐨𝐝𝐬 𝐚𝐧𝐝 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐭𝐚𝐱(𝐆𝐒𝐓) is a tax on 𝐩𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥𝐬 goods and services ON sold domestically for consumption. The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller.

If the supply is Intra State (e.g. from Gurugram to Karnal within Haryana) and the rate of GST= 18% on Selling Price, then tax will be charged on the Invoice in two parts, i.e. Central GST (CGST) @ 9% and State GST (SGST) @ 9%.

  • Particulars: Before GST (Rs.)
  • Final Price: 108.06

Leave a Reply

Your email address will not be published. Required fields are marked *

WhatsApp Logo
error: Content is protected !!