Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Veterinary active pharmaceutical ingredients used to prevent and treat coccidiosis in poultry qualify as drugs and medicines where they have established therapeutic use, regulatory recognition and import licensing as drugs. The inclusive definition of "drug" covers substances used as drug components, so bulk drugs and APIs retain that character when used directly or in formulations. The specific description-based IGST entry for drugs and medicines applies across tariff chapters and prevails over the general entry for organic chemicals. Clopidol (VET) and Amprolium 100% (VET) are therefore taxable at the 5% IGST rate, provided they are not covered by the nil-rate entry.
Veterinary active pharmaceutical ingredients used to prevent and treat coccidiosis in poultry qualify as drugs and medicines where they have established therapeutic use, regulatory recognition and import licensing as drugs. The inclusive definition of "drug" covers substances used as drug components, so bulk drugs and APIs retain that character when used directly or in formulations. The specific description-based IGST entry for drugs and medicines applies across tariff chapters and prevails over the general entry for organic chemicals. Clopidol (VET) and Amprolium 100% (VET) are therefore taxable at the 5% IGST rate, provided they are not covered by the nil-rate entry.
Note: It is a system-generated summary and is for quick reference only.
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