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India’s Supreme Court rules product tax rates depend on form at sale, not end use

The Economic Times reports Cadila Healthcare’s GRD Powder and GRD Mix are taxed at 8%, not the 10% beverage rate.

Economic TimesET
1 Source, 47m ago, first seen 47m ago

TLDR

The Economic Times reports that India’s Supreme Court dismissed appeals seeking to tax Cadila Healthcare’s GRD Powder and GRD Mix as non-alcoholic beverages at 10%. The court held that the products, sold in powder or biscuit form, are taxed at 8%. Mixing the powder with water or milk after purchase does not change its tax classification.

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1 Source, first seen 47m ago

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Combined views

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1 Source, first seen 47m ago

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1 Source

Economic Times@EconomicTimesProduct's form at sale, not end use, will determine tax rate: Supreme Court https://economictimes.indiatimes.com/industry/banking/finance/products-form-at-sale-not-end-use-will-determine-tax-rate-supreme-court/articleshow/134749336.cms47m
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    Economic Times@EconomicTimesProduct's form at sale, not end use, will determine tax rate: Supreme Court https://economictimes.indiatimes.com/industry/banking/finance/products-form-at-sale-not-end-use-will-determine-tax-rate-supreme-court/articleshow/134749336.cms47m
    Today's Rank

    #6

    Today's Rank

    #6