TSAAR Order No. 3/2024

In re: STANEX DRUGS & CHEMICALS PVT. LTD.

Date Issued: 7 February 2024
Source: 2024 (85) G.S.T.L. 254 (A.A.R. - GST - Telangana)
Views: 11

Summary

Teicoplanin and Caspofungin - Drugs & Medicines - Chapter 30 - Classification - Applicant-assessee is a manufacturer of parental dosage forms i.e. , Drugs & Medicines - Assessee, a pharmaceutical company sought application for advance ruling on tax liability of products i.e. teicoplanin and caspofungin - HELD : Said products are taxable at 5% GST as per Sl. No. 180 of Schedule 1 of Notification No. 1/2017-C.T. (Rate), dated 28-6-2017 - Further said commodity name is enumerated in list appended to lists appended to said Schedule - Section 9 of Central Goods and Services Tax Act, 2017 - Section 9 of Telangana Goods and Services Tax Act, 2017. [paras 7 and 8]