Biocon Limited (DTA) ., In re
Date: October 21, 2020
Subject Matter
'Micafungin sodium' is entitled for concessional rate of GST at the rate of 5%. AAR ruling set aside
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 l…
The Appellate Authority Set aside order passed by the Advance Ruling Authority vide No.KAR ADRG 31/2020 dated 4th May 2020 and held as follows ‘The sale of Micafunign Sodium by the DTA unit of the Appellant is covered under Serial No. 114 of Entry No. 180 of the Rate Notification No 01/2017 CT (R) and therefore, is leviable to GST at the rate of 5%’. FULL TEXT OF ORDER OF APPELLATE AUT…