Odisha Tax Circular: Transitioning Drug Dealers from VAT to GST, Advisory Issued to Utkal Chemist and Druggist Association.
The circular from the Office of the Commissioner of Commercial Taxes, Odisha, addresses the transition from VAT to GST for dealers in drugs and pharmaceuticals. Dealers previously paid VAT on the MRP of goods procured from other states, but with GST implementation, all sales will incur GST, and VAT provisions will cease. Dealers must now collect tax on actual sale values and claim input tax credits appropriately to manage existing VAT-paid stock before GST. An advisory was issued to the Utkal Chemist and Druggist Association to adopt this practice, and members have agreed to comply.
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