https://www.taxtmi.com/caselaws?id=434887 Goods manufactured under a valid drug licence and consistently treated by precedent as ayurvedic medicines were classified as medicines, not confectionery, for sales tax purposes under the Punjab Value Added Tax Act, 2005. The court relied on earlier decisions of other High Courts, noted the absence of rebuttal material from the revenue, and accepted that the statutory scheme placed such products within the medicinal entry. The higher tax classification was therefore set aside, and the tax demand based on treatment as confectionery could not be sustained. en-us Thu, 19 Jan 2023 00:00:00 +0530 Mon, 06 Mar 2023 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434887 Goods manufactured under a valid drug licence and consistently treated by precedent as ayurvedic medicines were classified as medicines, not confectionery, for sales tax purposes under the Punjab Value Added Tax Act, 2005. The court relied on earlier decisions of other High Courts, noted the absence of rebuttal material from the revenue, and accepted that the statutory scheme placed such products within the medicinal entry. The higher tax classification was therefore set aside, and the tax demand based on treatment as confectionery could not be sustained. Case-Laws VAT and Sales Tax Thu, 19 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434887