GST Rate of 12% applicable on diagnostic and laboratory reagents

As per Applicant ‘all diagnostic kits and reagents’ mentioned in Entry No. 80 of Schedule 2 of GST Rate Notification includes all reagents covered under heading 3822 within its scope, whether laboratory or diagnostic. Therefore, the laboratory and diagnostic reagents imported and supplied by the Applicant under heading 3822 are covered under the said Entry and attract a levy of tax at the rate of 12%.

Advance Ruling

As per the Advance Ruling The ‘diagnostic and laboratory reagents’ imported and supplied by the applicant and classified under heading 3822 of the Customs Tariff Act, 1975 are covered under Entry No. 80 of Schedule II to the Notification No.1/2017-Integrated Tax (Rate) dated 28.06.2017 attracting a levy of Integrated Tax at the rate of 12%, in terms of the clarification issued vide para No. 10 of the Circular No. 163/19/2021-GST dated 6th October 2021.