HSN Code 30049023 provides the tax classification for Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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... under Chapter 30 – Pharmaceutical Products of the GST tariff. Businesses dealing in Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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... must use this code for proper invoicing and return filing. Applicable taxes include CGST at 6.00%, SGST/UTGST at 6.00%, and IGST at 12.00%. The recognized unit of measurement is kg..

HSN Codes under Chapter 30 – Pharmaceutical Products

Below are related HSN codes from Chapter 30 – Pharmaceutical Products for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Pharmaceutical Products... 30011010 Glands And Other Organs For Organo-Therapeutic Use... 6.00% 6.00% 12.00%
Pharmaceutical Products... 30011091 Glands And Other Organs For Organo-Therapeutic Use... 6.00% 6.00% 12.00%
Pharmaceutical Products... 30011099 Glands And Other Organs For Organo-Therapeutic Use... 0.06 0.06 0.12
Pharmaceutical Products... 30012010 Glands And Other Organs For Organo-Therapeutic Use... 6.00% 6.00% 12.00%
Pharmaceutical Products... 30012020 Glands And Other Organs For Organo-Therapeutic Use... 6.00% 6.00% 12.00%
Pharmaceutical Products... 30012030 Glands And Other Organs For Organo-Therapeutic Use... 6.00% 6.00% 12.00%
Pharmaceutical Products... 30012090 Glands And Other Organs For Organo-Therapeutic Use... 0.06 0.06 0.12
Pharmaceutical Products... 30019010 Glands And Other Organs For Organo-Therapeutic Use... 6.00% 6.00% 12.00%
Pharmaceutical Products... 30019091 Glands And Other Organs For Organo-Therapeutic Use... 6.00% 6.00% 12.00%
Pharmaceutical Products... 30019099 Glands And Other Organs For Organo-Therapeutic Use... 0.06 0.06 0.12

GST Rates for HSN 30049023

The taxation of Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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... under HSN Code 30049023 depends on supply location. Intrastate transactions require CGST at 6.00% and SGST/UTGST at 6.00%. Interstate supplies are charged IGST at 12.00%. Invoices should consistently use kg. for Pharmaceutical Products goods under Chapter 30.

Who Should Use HSN Code 30049023?

Manufacturers, wholesalers, retailers, and exporters dealing in Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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... are required to mention HSN 30049023 on all tax documents. This classification under Pharmaceutical Products applies to businesses of all sizes operating within Chapter 30. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Commencing trade in Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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...? Secure GST registration to handle taxes on HSN 30049023 classified goods. Businesses with international operations in Pharmaceutical Products need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.

Why Correct Classification Matters

Correct HSN Code 30049023 application for Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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... ensures smooth input credit utilization and assessment processes. Track 6.00%, 6.00%, and 12.00% rate changes for Chapter 30 – Pharmaceutical Products through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 30049023?

The standard unit of measurement for Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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... under HSN Code 30049023 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 30049023 mandatory for small businesses?

Yes, businesses dealing in Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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... must use HSN 30049023 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.

What happens if I use wrong HSN code for Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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...?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 30049023 for Pharmaceutical Products goods before invoicing.

Do I need AD Code registration for exporting Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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...?

Yes, AD Code registration is required for exporters dealing in Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) 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... under Pharmaceutical Products. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 30

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