https://www.taxtmi.com/caselaws?id=406814 The Pharmaceutical Reference Standards (PRS) imported and supplied by the applicant were classified under Tariff Item 3822 00 90 of the Customs Tariff Act. The ruling determined that they are covered under Entry No. 80 of Schedule-II to Notification No. 1/2017-Integrated Tax (Rate), attracting a levy of Integrated Tax at the rate of 12%. This decision was based on the interpretation that PRS, as prepared laboratory reagents, fall under the category of "All diagnostic kits and reagents" and should be subject to a 12% GST rate. en-us Fri, 16 Apr 2021 00:00:00 +0530 Thu, 29 Jul 2021 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406814 The Pharmaceutical Reference Standards (PRS) imported and supplied by the applicant were classified under Tariff Item 3822 00 90 of the Customs Tariff Act. The ruling determined that they are covered under Entry No. 80 of Schedule-II to Notification No. 1/2017-Integrated Tax (Rate), attracting a levy of Integrated Tax at the rate of 12%. This decision was based on the interpretation that PRS, as prepared laboratory reagents, fall under the category of "All diagnostic kits and reagents" and should be subject to a 12% GST rate. Case-Laws GST Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406814