The CBIC vide Circular No. 163/19/2021-GST dated October 06, 2021 has provided clarification regarding GST rates & classification based on the recommendations of the GST Council in its 45th meeting held on September 17, 2021.
All laboratory reagents and other goods falling under heading 3822:
Entry at S. No. 80 of Schedule II of notification No.1/2017- Integrated Tax (Rate) dated June 28, 2017 prescribes GST rate of 12% for “All diagnostic kits and reagents”.
Representations have been received whether the benefit of concessional rate of 12% would be available to laboratory agents and other goods falling under heading 3822.
Heading 3822 covers “Diagnostic or Laboratory Reagents, Certified Reference Materials etc.”.
The issue was placed before the GST Council and on its recommendations, it is clarified that the intention of this entry was to prescribe GST rate of 12% to all goods, whether diagnostic or laboratory regents, falling under heading 3822.
It is accordingly clarified that concessional GST rate of 12% is applicable on all goods falling under heading 3822, vide Entry at S. No. 80 of Schedule II of notification No.1/2017-Integrated Tax (Rate) dated June 28, 2017.
The Circular can be accessed at: https://www.cbic.gov.in/resources//htdocs-cbec/gst/Circular%20No.%20163_18_2021_GST.pdf