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VERIFIEDET Finance·neutral
Product's form at sale, not end use, will determine tax rate: Supreme Court
AI Summary
- ·The Supreme Court ruled that the tax rate depends on a product's physical form at sale, not its end use.
- ·The court dismissed revenue appeals concerning Cadila Healthcare's GRD Powder and GRD Mix.
- ·The revenue department sought to tax these products as non-alcoholic beverages at 10%.