Is GST applicable on ayurvedic herb ???
Herb, bark, dry plant, dry root, commonly known as jaribooti and dry flower are taxed at 5%.
Medicaments consisting of two or more constituents which have been mixed together for therapeutic or prophylactic uses, not put up in measured doses or in forms or packings for retail sale, including Ayurvaedic, Unani, Siddha, homoeopathic or Bio-chemic systems medicaments are taxed at 12%.
Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale, including Ayurvaedic, Unani, homoeopathic siddha or Bio-chemic systems medicaments, put up for retail sale are taxed at 12%.
Sign up to discuss taxation, accounting and finance topics with experts from all over India.Join Discussion