Micafungin sodium entitled for concessional rate of 5% GST: Karnataka AAAR [Read Order]

The Karnataka Appellate Authority of Advance Ruling (AAAR) ruled that the micafungin sodium entitled for a concessional rate of 5% GST. The applicant, Biocon Limited (DTA unit) is engaged in the manufacture of generic active pharmaceutical ingredients (APIs), novel biologics, biosimilar insulins and antibodies. The applicant purchases “Micafungin Sodium” from the SEZ unit of M/s […]

from Taxscan | Simplifying Tax Laws https://ift.tt/35DJb7i