GST classification of non-branded medicaments governs tax treatment during the specified transitional period under applicable compliance rules. Up to 21-09-2025, medicaments, including veterinary medicaments used in bio chemic systems and not bearing a brand name, are classified under the Schedule and chargeable to GST at 5%, defining the product scope by use and non-branded status and imposing the corresponding Schedule tax treatment and compliance obligations.
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GST classification of non-branded medicaments governs tax treatment during the specified transitional period under applicable compliance rules.
Up to 21-09-2025, medicaments, including veterinary medicaments used in bio chemic systems and not bearing a brand name, are classified under the Schedule and chargeable to GST at 5%, defining the product scope by use and non-branded status and imposing the corresponding Schedule tax treatment and compliance obligations.
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