Case LawKAR ADRG 31/2020
Biocon Limited (DTA) ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Karnataka
- Date:
- May 4, 2020
- Type:
- Advance Ruling
- Members:
- Ravi Prasad, Mashhood Faroqui
Subject
'Micafungin sodium' is not entitled for concessional rate of GST at the rate of 5%
Summary
Q) Whether the sale of Micafungin sodium by the DTA unit of the applicant is covered under Serial No. 114 of Entry No. 180 of the Notification No.1/2017-Central Tax (Rate) dated 28.06.2017 and therefore, is leviable to GST at the rate of 5%? A) The p…
Judgement
1. M/s Biocon Limited (DTA), (called as the ‘Applicant’ hereinafter), 20th K.M., Hosur Road, Electronic City, Bengaluru-560 100, Karnataka, having GSTIN number 29AAICM3930G1ZD, have filed an application for Advance Ruling under Section 97 of CGST Act, 2017 read with Rule 104 of CGST Rules 2017 and Section 97 of KGST Act, 2017 read with Rule 104 of KGST Rules 2017, in FORM GST ARA…