How to Calculate GST on Medicine?

Check the GST rate applicable to the medicine

Find the medicine’s taxable value before GST

Calculate GST amount = Taxable value × GST rate

Add the GST amount to the taxable value to get the final price

If CGST and SGST apply, split the GST amount equally between them

If IGST applies, charge the full GST rate as one amount

For discounted medicines, calculate GST on the price after discount

For composite billing, calculate GST separately for each taxable medicine line item

For exempt medicines, GST amount = 0

For MRP-based billing, verify whether GST is included in the MRP before calculating any additional tax

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