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GST Rates

New updated GST Rates % on Surgical Goods, Medical Equipment & Medical Disposables

  • Air Bed for Patient
    Air Bed for Patient
  • Nebulizers
    Nebulizers
  • BP Monitors
    BP Monitors
  • Compact Nebulizers
    Compact Nebulizers

This is the List of Gst Tax Rates on surgical goods and Medical Equipment.like Nebulizers, Digital BP Monitors, Air Mattress Etc.

The Gst rates on Medical Equipments have been decided by the Govt. We tried to interpret that which item of surgical goods falls in which HSN code or chapter.

 

Infinity Mediquip India

Sr. No.

Product Name

HSN Code

Tax Rate

1
Nebulizer Infineb
90192090
12%
2
Nebulizer Compacto
90192090
12%
3
Nebulizer
(Economy Model)
90192090
12%
4
Digital BP Monitor Futura- Infi
(with Adoptor)
90189011
12%
5
Digital Smart BP Monitor- Infi
90189011
12%
6
Digital Smart BP Monitor- Infi
(with Adoptor)
90189011
12%
7
Digital Bp Monitor
(My Care)
90189011
12%
8
Mercrury Sphygmomanometer
90189011
12%
9
Fingertip Pulseoximeter
(Infi)
90189019
12%
10
Fingertip Pulse Oximeter
(Mycare)
90189019
12%
11
Air Bed for Bed Sores
(My Care)
90191010
12%
12
Air Bed for Bed Sore Infi
( static mode)
90191010
12%
13
Air Bed for Bed Sores-Infi
(Tube Type)
90191010
12%
14
Waterbed Cotton/
Rubber Fabric Metal Caps
63079019
Rs0 to Rs999=5%
&
Rs999 to Rs5000=12%
15
Waterbed Cotton/
Pvc Plastic Cap
59031010
Rs0 to Rs999=5%
&
Rs999 to Rs5000=12%
16
Mannual Breast Pump
(Infi)
39269099
28%
17
Non-Contact infrared Thermometer
90251910
18%
18
Digital Thermometer Flixitip
(Infi)
90251910
18%
19
Digital Thermometer Infi
(Waterproof)
90251910
18%
20
Digital Thermometer My care
(Non Waterproof)
90251910
18%
21
Lancet White Flat Type
9018
12%
22
Lancet Blue Round Type
9018
12%
23
Stethoscope S.Steel Futura
90189012
12%
24
Stethoscope Aluminium Futura
90189012
12%
25
Stethoscope Economy
Silver Black
90189012
12%
26
Respiratory/Lung Excercisor (spirometer)
90189099
12%
27
Fetal Doppler
90189019
12%
28
Nebulizer kit padeatric
90192090
12%
29
Nebulizer kit adult
90192090
12%
30
Oxygen Regulator
90261010
18%
31
Humedifier bottle
39269099
28%
32
Cuff
90330000
18%
33
Adoptor
85044090
28%

How to get your tally Data ready for GST Billing and add GSTN numbers and HSN codes in New Tally version 6 GST ready

Dear Dealers- Please

fill Your correct GST

NO  &

DETAILS  for billing

after 1st July

This is just an idea as per our findings.For more details please download the list uploaded.

Please find your particular products on page nos 192 to 194 or use Control+f to find the name in the list

DOWNLOAD COMPLETE GOVT GST-RATE-SCHEDULE-FOR-GOODS

 

Interested in Joining us as a Dealer/Distributor

Please Fill Dealer/Distributor Enquiry form

* HOW TO READY FOR GST  *
Dear Dealers, 
Kindly do the following to get Ready for GST.
1. Get Complete your working for Closing Stock for the period 31.3.2017 / 30.6.2017 before GST Implementation date.
2. Allocate your such stock into the quantitative mode.
3. Get the A/c Statement from your Suppliers / Creditors for the year ended 31/3/2017 & compiled them from your books.
4. Rectify *Mismatch Reports of Purchases *, if persists.
5. Revise your Vat Returns if point no.4 applies to you.
6. Make strict follow-up to Collect all the C forms/H Form/ I forms.
7. Get your Books Finalise for FY 2016-17
8. Make a separate file for those items which are shown in your Unsold stock as on 30.6.2017 e.g. Purchase Bills/ Bill of Entry/ Excise Paying Documents etc.
9. Stock aging is made to ascertain if any stock is more than 1yr old. If yes then dispose it off immediately or sell it to your sister concern against Tax Invoice locally.
10. Classify stock tax rate wise, purchased locally to get ITC into SGST.
11. Classify stock purchased on invoices bearing Duty Payment & nonduty payments to get ITC transferred to CGST.
12. Inform your GSTIN / ARN to all Suppliers of Goods & Services.
13. Obtain GSTIN of all Suppliers & Buyers.
14. Apply for migration in all states if you have a centralized registration under Service Tax.
15. Train your accountants for GST accounting and returns formats.
16. Make Chart of HSN CODES & GST Rates on your goods & services to be purchased & Sold.
17. Check whether any stock of one year old is lying with you.
18. Analyze P and L and see which expenses are liable to RCM.
19. Be in regular touch with your GST Consultant

 

Dear Sir/Mam,

As you know that GST is going to be implemented from 01.07.2017 so here are some very important key points that you have to keep in mind as on appointed date for smooth functioning.
1. We here under sharing information to be kept in Invoice/Bill of Supply. Prepare your Invoice as you feel but include such points will be a must.
TAX INVOICE:
(a) name, address and GSTIN of the supplier;
(b) a consecutive serial number not exceeding sixteen characters, in one or multiple series,
containing alphabets or numerals or special characters hyphen or dash and slash symbolized
as “-” and “/” respectively, and any combination thereof, unique for a financial year;
(c) date of its issue;
(d) name, address, and GSTIN or UIN, if registered, of the recipient;
(e) name and address of the recipient and the address of delivery, along with the name of State
and its code, if such recipient is un-registered and where the value of taxable supply is fifty
thousand rupees or more;
(f) HSN Code of goods or Accounting Code of services;
(g) description of goods or services;
(h) quantity in case of goods and unit or Unique Quantity Code thereof;
(i) the total value of supply of goods or services or both;
(j) the taxable value of supply of goods or services or both taking into account discount or
abatement, if any;
(k) the rate of tax (central tax, State tax, integrated tax, Union Territory tax or cess);
(l) the amount of tax charged in respect of taxable goods or services (central tax, State tax,
integrated tax, Union Territory tax or cess);
(m) place of supply along with the name of State, in the case of a supply in the course of inter-State
trade or commerce;
(n) address of delivery where the same is different from the place of supply;
(o) whether the tax is payable on reverse charge basis; and
(p) signature or digital signature of the supplier or his authorized representative
BILL OF SUPPLY:
a) name, address, and GSTIN of the supplier;
(b) a consecutive serial number not exceeding sixteen characters, in one or more multiple
series, containing alphabets or numerals or special characters -hyphen or dash and slash
symbolized as “-” and “/”respectively, and any combination thereof, unique for a financial
year;
(c) date of its issue;
(d) name, address, and GSTIN or UIN, if registered, of the recipient;
(e) HSN Code of goods or Accounting Code for services;
(f) description of goods or services or both;
(g) the value of supply of goods or services or both taking into account discount or abatement, if
any; and
(h) signature or digital signature of the supplier or his authorized representative
 
NOTE: BILL OF SUPPLY WILL BE ISSUED IN THE FOLLOWING CASES ONLY:
 
  • Supply of exempted goods or services
  • Supplier is paying tax under composition scheme
THREE COPIES SHOULD BE PREPARED ELECTRONICALLY (Original, Duplicate and Triplicate)
Particulars to be added in GSTN invoice:

How to Avail credit of your of Stock in Hand

GST- FOR STOCK LYING ON 30.06.2017

》GST will be implemented from 1st July 2017. Many taxpayers have huge stock lying. So what should be done for stock lying on 30th June?

Up to 30 June 2017 there are VAT, Excise, Service Tax laws but from 1st July 2017, GST will be implemented so what about the stock as on 30th June is the biggest question which everybody facing and it has created confusion among many.》The goods on which VAT is levied as per existing law, in GST-VAT will be transformed to SGST.
Similarly, now excise duty is levied on the manufacture, in GST excise duty will be transformed to CGST.
Whether taxpayer will get a credit of stock lying on 30th June 2017 in GST or not let’s discuss in detail!.

The Following Question emerges in every mind:

Q1.If the taxpayer is registered under VAT Act, then how he will get set-off of the stock in GST?

Ans: – The following two thing should be considered to avail the credit of stock:

1. If VAT is payable in the VAT return of 30th June 2017 i.e. taxpayer have taken the credit of inputs, then there is no question of taking credit.

2. If VAT is carry forward in the VAT return of 30th June 2017 i.e. excess tax credit is available, then taxpayer will get credit of that carry forwarded amount in SGST.

Ex. If the taxpayer has credit of Rs. 10,500 then it can be adjusted against SGST liability.

Q2. If any taxable person is registered under excise law, then how can he take set-off of stock in GST?

Ans: – It is also similar like VAT. If the taxpayer is registered under Excise Law then if in the Excise return of 30th June 2017, excise duty is payable then no question of set-off. But if excise duty is carry forward then taxpayer will get set-off against CGST. The taxpayer can also take the credit of not availed excise duty on capital goods in GST.

Q3. if any taxable person is not registered under excise law, then can he get set-off of stock in GST?

Ans: – If taxpayer is not registered under Excise law but he is registered in VAT law, then credit of VAT can be taken against SGST but what about CGST. In this case, if the taxpayer have the excise invoice which are in stock, then in GST 100% credit is available. But if no excise duty charged on that bill, then credit will be given as per GST rates in following manner:

1. If that stock covered in 18% or 28% in GST, then 60% of CGST can be availed as credit of stock. Ex. If there is 18% rate of GST on Spare parts, then 5.4% credit (60% of 9% of CGST) is available against the stock held on 30th June.

2. If that stock covered in 5% or 12% in GST, then 40% of CGST can be availed as credit of stock. Ex. If there is 12% rate of GST on any commodity, then 2.4% credit (40% of 6% of CGST) is available against the stock held on 30th June.

In GST taxpayer can use the above credit at the time of sale of goods. Further the taxpayer will have to use this credit within six months.

Q4. What should the taxpayer do if he have to take credit of stock in GST?

Ans: – Taxpayer will have to file TRAN 1 & TRAN 2 form for claiming credit of stock. In this form HSN wise details, its quantity, its rate, total value will have to be given. This information should be given to the government within 90 days. Credit of previous stock i.e. more than one year old stock is not available. It means if goods are purchased after 30th June 2016 then only credit can be taken.

Conclusion :-
Every trader should carefully understand these provisions of stock. Everyone should file revised return of VAT for the financial year 2016-17 if necessary after checking all books of accounts and then return of April to June to be filed.

Taxpayer should reconcile the VAT, Excise returns with books of accounts and then only file the above form to the government



20 thoughts on “GST Rates

  1. Author

    Disclaimer – Kindly confirm all HSN codes and Tax Rates with your Tax professional. WE do not guarantee These are our findings from GST list.

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