The Supreme Court, while upholding the decision of the Andhra Pradesh High Court, has held that ‘Medical Oxygen IP’ and ‘Nitrous Oxide IP’ ought to be taxed as ‘drug’ under Entry 88 of Andhra Pradesh Value Added Tax (VAT) Act, 2005 and not as ‘unclassified goods’. The respondent, Linde India Limited, is a registered company […]
The post ‘Medical Oxygen IP’ & ‘Nitrous Oxide IP’ Taxable as ‘Drug’: SC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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