Friday, May 8, 2020

Concessional Rate of 5% of GST isn’t applicable on Sale of Micafungin Sodium sold as Raw Materials: AAR [Read Order]

The Karnataka Authority of Advance Ruling (AAR) ruled that the concession rate of 5% of Goods and Service Tax (GST) is not applicable to the sale of Micafungin Sodium where the product is used as raw material to produce other goods. The AAR bench further clarified that as per the relevant statute and notifications, the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3dq7cPX

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