The Supreme Court has ruled that the tax rate applicable to a product must be determined by its physical form at the time of sale, not its eventual use. The court dismissed revenue appeals seeking to tax Cadila Healthcare’s GRD Powder and GRD Mix as non-alcoholic beverages at 10%.
Read more at The Economic Times
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.