Manufacturing of Teicoplanin and Caspofungin under Drugs & Medicines shall attracts 5% GST :AAR

Telangana Authority for Advance Ruling (TAAR) has decided that 5% Goods and Service Tax should be applied to the manufacturing of teicoplanin and caspofungin under the category of medications and medicines.
Manufacturing - Teicoplanin and Caspofungin - Drugs - Medicines - GST - AAR - TAXSCAN

The Telangana Authority for Advance Ruling(TAAR) has ruled that manufacturing of teicoplanin and caspofungin under drugs & medicines should be attracted 5 % Goods and Service Tax. The applicant Stanex Drugs & Chemicals Private Limited,is one of the fastest growing pharmaceuticals in India, It was established in the year 2004 and has seen phenomenal growth…

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