Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Navaratan Oil, Gold Turmeric Ayurvedic Cream, and Nirog Dant Power Lal were classified as drugs under Entry 37 of the CGST Act and TGST Act, while Boroplus Antiseptic Cream, Boroplus Prickly Heat Powder, and Sonachandi Chavanprash were classified as cosmetics under Entry 36. The HC held that Sonachandi Chavanprash, being edible, cannot be classified as a drug. Boroplus Antiseptic Cream, with medicinal value, cannot be treated as a cosmetic. Boroplus Prickly Heat Powder, containing medicinal ingredients, was rightly classified as a drug. Navaratan Oil, marketed as a cosmetic but containing incidental medicinal properties, should be classified as a drug. Gold Turmeric Ayurvedic Cream, licensed and marketed as an ayurvedic medicine for skin blemishes, should be classified as a drug, not a cosmetic.
Navaratan Oil, Gold Turmeric Ayurvedic Cream, and Nirog Dant Power Lal were classified as drugs under Entry 37 of the CGST Act and TGST Act, while Boroplus Antiseptic Cream, Boroplus Prickly Heat Powder, and Sonachandi Chavanprash were classified as cosmetics under Entry 36. The HC held that Sonachandi Chavanprash, being edible, cannot be classified as a drug. Boroplus Antiseptic Cream, with medicinal value, cannot be treated as a cosmetic. Boroplus Prickly Heat Powder, containing medicinal ingredients, was rightly classified as a drug. Navaratan Oil, marketed as a cosmetic but containing incidental medicinal properties, should be classified as a drug. Gold Turmeric Ayurvedic Cream, licensed and marketed as an ayurvedic medicine for skin blemishes, should be classified as a drug, not a cosmetic.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
