Case Law Details
In re Stanex Drugs & Chemicals Private Limited (GST AAR Telangana)
In a recent development, M/s. Stanex Drugs & Chemicals Private Limited sought clarity regarding the GST rates applicable to Teicoplanin and Caspofungin. The Authority for Advance Ruling (AAR) Telangana, in response to the application filed by M/s. Stanex Drugs & Chemicals Private Limited, has issued a significant ruling on the matter.
Background: M/s. Stanex Drugs & Chemicals Private Limited, a pharmaceutical company based in Hyderabad, Telangana, approached the AAR seeking clarification on the GST rates applicable to Teicoplanin and Caspofungin. The company, known for its robust manufacturing infrastructure and extensive range of pharmaceutical formulations, emphasized the need for clarity on the taxation of these specific products.
Application Process: The application was filed in accordance with Section 97(1) of the Telangana Goods and Services Tax (TGST) Act, 2017, accompanied by the requisite fee payment.
Question Raised: M/s. Stanex Drugs & Chemicals Private Limited sought clarification on the applicable GST rates for Teicoplanin and Caspofungin, considering their classification under the GST Act.
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