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Ayurvedic products comes under which rate structure in GST India?

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Ayurvedic products comes under which rate structure in GST India?
posted Jan 15, 2018 by Deepika Jain

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1 Answer

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GST rate for classical or generic range of ayurvedic medicines must be nil and 5 per cent for patented products instead of the proposed 12 per cent, the Association of Manufacturers of Ayurvedic Medicines (AMAM) has said.

At present the ayurvedic medicines and products have a total tax incidence of 7 per cent, including VAT, depending on the items. Under the GST regime, these items have been kept at 12 per cent.

answer Jan 16, 2018 by Danial Rotwaski
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Hi,

I am small business with approx 18 lakhs per year turnover and i am paying approx 15-16 lakhs per year salary to my 4 employee. Then what will be the gst rate for me.

+1 vote

MY COMPANY IS IN BANGALORE AND MY CUSTOMER ARE ALL OVER INDIA
WHAT IS THE GST RATE FOR THE USAGE OF DEVICE TO CUSTOMER, WE DO NOT SELL DEVICE TO USER.
AFTER 12 MONTHS OF USAGE, USER GETS IT FREE OF COST OR RETURNS IN GOOD CONDITION.

ANY GST OR INCOME TAX IMPLICATION IF WE PROVIDE DEVICE FREE OF COST TO THE USER (ELDERLY, DISABLED, PATIENT).

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