Pharmaceutical product manufacturing services Under SAC Code 998843

SAC Code 998843 is used to classify Pharmaceutical product manufacturing services under GST. It helps businesses apply the right tax rate, maintain clean invoices, and improve compliance during GST return filing.

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998843 SAC Code GST Rate

Review old and new GST rates for Pharmaceutical product manufacturing services under 998843 SAC Code.

SAC Code

998843

Description

Pharmaceutical product manufacturing services

New Rate

5% with ITC for Chapter 30 job work; otherwise 18% with ITC

Old Rate

12% with ITC for Chapter 30 job work; otherwise 18% with ITC

Notes

Job work on Chapter 30 pharmaceutical goods is 5% under notification 15/2025, S. No. 26(ii)(c). Other manufacturing services under this broad SAC may be 18%; classify the processed goods first.

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Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.