Home Medicine Ayurvedic Products: Telangana High Court Rules 5 Ayurvedic Products as Drugs | Hyderabad News

Ayurvedic Products: Telangana High Court Rules 5 Ayurvedic Products as Drugs | Hyderabad News

by Universalwellnesssystems
HYDERABAD: The Telangana High Court recently put an end to a 25-year-long tax tussle, ruling that five Ayurvedic products manufactured and sold by Himami Ltd and Emami Ltd – Navratna Oil, Gold Turmeric Cream, Boroplus Antiseptic Cream, Boroplus Heat Rash Powder and Sona Chandi Chyawanprash – fall under the category of medicines and not cosmetics. This ruling by the high court will help these two sister companies to shed some of the additional tax burden as, while they are classified as cosmetics and attract 20% GST, if recognised as medicines with healing properties, the same rate will be 10%. It all began in the assessment year 1996-97 when the state’s commercial tax department treated them as cosmetics and started levying 20% ​​sales tax. A division bench of Justices P Sam Koshi and N Tukaramji, after hearing both the parties at length and examining the subject thoroughly, held that the five products fall under the category of medicines. The dispute was over six products manufactured and sold by two sister companies, including Nirog Dant Powder Lal. The tax authorities classified them as cosmetics and started imposing a 20% tax on them. The Sales Tax Appellate Tribunal (STAT) ruling that Dant Powder was a cosmetic product was accepted by the companies and they did not challenge the ruling.

We also recently published the following articles:

Trends in Cosmetic Dentistry

Explore the latest trends in cosmetic dentistry, including teeth whitening, veneers, clear braces, composite bonding, and more. Learn how these advanced treatments can beautify your smile with precision and comfort. Stay up to date on the latest dental cosmetic information for a brighter, more confident smile.

Tips for filing ITR returns 2023-24: Reduce your tax expenditure with key tax deductions not to be overlooked under old and new tax regimes

Learn about important tax saving deductions for filing your income tax return for the year 2023-24. Understand the old and new tax sections to maximize your savings. Don’t miss the deadline of July 31, 2024!

Tennessee man unearths six ancient idols, hides them for five years, then arrested along with two others for trying to smuggle them out

Three men have been arrested in Tamil Nadu for smuggling six ancient idols. In this breaking news, we bring you details about the idol smuggling attempt and its subsequent seizure by the Idol Investigation Squad CID.

You may also like

Leave a Comment

The US Global Health Company is a United States based holistic wellness & lifestyle company, specializing in Financial, Emotional, & Physical Health.  

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Copyright ©️ All rights reserved. | US Global Health