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Exemption from UTGST on supplies of goods of 'Gene Therapy' - Substitute the meaning of 'pre-packaged and labelled' - Seeks to amend Notification No. 2/2017-Union Territory Tax (Rate), dated the 28th June, 2017 - 02/2025 - Union Territory GST (UTGST) Rate
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Exemption for gene therapy: new UTGST schedule entry and clarified pre-packaging definition affecting tax applicability. The notification adds Gene Therapy as a new entry in the UTGST (Rate) Schedule and substitutes the definition of pre-packaged and labelled to mean retail-sale commodities that are pre-packed in conformity with legal metrology standards, bear required package or label declarations, and contain not more than 25 kg or 25 litre; the amendment is effective immediately.
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Exemption for gene therapy: new UTGST schedule entry and clarified pre-packaging definition affecting tax applicability.
The notification adds Gene Therapy as a new entry in the UTGST (Rate) Schedule and substitutes the definition of pre-packaged and labelled to mean retail-sale commodities that are pre-packed in conformity with legal metrology standards, bear required package or label declarations, and contain not more than 25 kg or 25 litre; the amendment is effective immediately.
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