Indirect Tax Weekly Digest | 19 May 2020

Read more about Indirect Tax Legislative, Judicial updates and Foreign Trade Policies in The Indirect Tax Weekly Digest by BDO in India

This edition of the weekly digest highlights:   

• AAR, Karnataka - Sale of micafungin sodium as bulk drug is not entitled to concessional rate of 5%;
• AAR, Karnataka - Aggregate turnover for person shall not include the salary/ remuneration in the capacity of executive directors;
• AAAR, Tamil Nadu - Classification of carbonated fruit juices – whether it falls under fruit juices or aerated drinks

We hope you find it useful and an interesting read