GST exemption for specified COVID-19 medicines applies temporarily with reduced state tax rates for listed therapeutics. The Government, on recommendation of the Council and in public interest, exempts the goods specified in the Table from so much of the state tax leviable under the Jammu and Kashmir GST Act as is in excess of the specified rate, with tariff classification references to the Customs Tariff First Schedule; the Table lists individual medicines with either nil or reduced state tax rates.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST exemption for specified COVID-19 medicines applies temporarily with reduced state tax rates for listed therapeutics.
The Government, on recommendation of the Council and in public interest, exempts the goods specified in the Table from so much of the state tax leviable under the Jammu and Kashmir GST Act as is in excess of the specified rate, with tariff classification references to the Customs Tariff First Schedule; the Table lists individual medicines with either nil or reduced state tax rates.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
