Ayurvedic products comes under which rate structure in GST India?

Question

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.

Answer 1

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.