Goods Classified as Ayurvedic Medicines, Fall Under Entry 31 of Punjab VAT Act, 2005; 4% Tax Rate Applied.

Goods Classified as Ayurvedic Medicines, Fall Under Entry 31 of Punjab VAT Act, 2005; 4% Tax Rate Applied. https://www.taxtmi.com/highlights?id=68619 Classification of goods - rate of tax - Choloromint Herbasol - Happydent White - Chatar Patar - the Revenue-respondent has not led any evidence or produced any material to discharge the onus on it. Once the goods have been manufactured by the assessee under the Drugs Licence issued by the Directorate of Ayurvedic Medicines then the ayurvedic medicines would fall under Entry 31 of Schedule B attached with the Punjab Value Added Tax Act (PVAT), 2005 and is liable to be taxed @4% - HC en-us Mon, 06 Mar 2023 11:39:34 +0530 Mon, 06 Mar 2023 11:39:34 +0530 TaxTMI RSS Generator Goods Classified as Ayurvedic Medicines, Fall Under Entry 31 of Punjab VAT Act, 2005; 4% Tax Rate Applied. https://www.taxtmi.com/highlights?id=68619 Classification of goods - rate of tax - Choloromint Herbasol - Happydent White - Chatar Patar - the Revenue-respondent has not led any evidence or produced any material to discharge the onus on it. Once the goods have been manufactured by the assessee under the Drugs Licence issued by the Directorate of Ayurvedic Medicines then the ayurvedic medicines would fall under Entry 31 of Schedule B attached with the Punjab Value Added Tax Act (PVAT), 2005 and is liable to be taxed @4% - HC Highlights VAT and Sales Tax Mon, 06 Mar 2023 11:39:34 +0530 https://www.taxtmi.com/highlights?id=68619