Category - Formulation Development

[Vijay Chitte]

Can anybody guide under which category/class, the service of Formulation Development in reference to Pharmaceutical industry will fall?

[Surender Gupta]

Apparently the nature of service described in the query does not fall under any category of taxable services at present, however, a study of detailed aspects of the service may be concluded otherwise.

AI Summary

Service classification: formulation development in pharmaceuticals presently falls outside taxable services but depends on detailed analysis. Classification of Formulation Development services in the pharmaceutical sector as taxable: on the facts presented, the activity does not presently fall within any defined category of taxable services, but a closer study of detailed aspects and functional elements could alter the taxability assessment.