Gene therapy classification added to GST schedule; revised definition of pre-packaged and labelled commodities affects compliance obligations. Amendment inserts Gene Therapy into the notification Schedule as a new entry and replaces the Explanation's clause (ii) with a definition of 'pre-packaged and labelled' commodities intended for retail sale in packages not exceeding 25 kg or 25 litres, pre-packed as per the Legal Metrology Act where the package or label must bear required declarations; the notification is effective from 16th January, 2025.
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Gene therapy classification added to GST schedule; revised definition of pre-packaged and labelled commodities affects compliance obligations.
Amendment inserts Gene Therapy into the notification Schedule as a new entry and replaces the Explanation's clause (ii) with a definition of "pre-packaged and labelled" commodities intended for retail sale in packages not exceeding 25 kg or 25 litres, pre-packed as per the Legal Metrology Act where the package or label must bear required declarations; the notification is effective from 16th January, 2025.
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