HSN Code 300450: GST Rate & Details
Vitamin and mineral medicines, health supplements for therapeutic use
Standard GST slab applicable across India under GST tariff classification.
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Indian GST Invoicing Rules for HSN 300450
HSN Digit Mandate
- Turnover > ₹5 Crore: Must mention minimum 6-digit HSN code on all B2B invoices.
- Turnover ≤ ₹5 Crore: Must mention minimum 4-digit HSN code on B2B invoices. Optional for B2C.
- Exports / Imports: 8-digit HSN code is mandatory.
Mandatory Invoice Fields
- GSTIN of Supplier and Recipient (for B2B).
- Consecutive Invoice Serial Number & Invoice Date.
- HSN/SAC Code, Taxable Value, Tax Rate (CGST, SGST, IGST), and Grand Total.
Frequently Asked Questions on HSN 300450
Q. What is the GST rate for HSN code 300450 (Pharmaceuticals)?
The standard GST rate for HSN code 300450 is 12%. For intra-state transactions within the same state, it is split into 6.0% CGST and 6.0% SGST. For inter-state supply, 12% IGST applies.
Q. Is HSN code 300450 classified as Goods or Services?
HSN/SAC code 300450 is legally classified as 'Goods' under Chapter 30: Pharmaceutical Products.
Q. Is mentioning HSN code 300450 mandatory on GST invoices?
Yes. As per Indian GST mandate: Businesses with aggregate turnover above ₹5 Crore must mention a 6-digit HSN code on B2B tax invoices. Businesses with turnover up to ₹5 Crore must mention at least a 4-digit HSN code for B2B supplies.
Q. How do I create a GST invoice with HSN code 300450?
You can create a 100% compliant Indian GST invoice with HSN 300450 for free on GST Maker. Simply click 'Create Invoice with this HSN' to pre-populate the tax rates and download your PDF instantly.
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