Judgement

The ITAT reduces estimated profit rate from 8% to 4% for a Kashmir medicine trader after considering business nature and difficulties in producing books of account.

ITAT Lowers Estimated Profit Rate from 8% to 4% After Considering State Shutdown and Medicine Trade Margins

AAR Kerala held that GST exemption applies to inpatient healthcare services provided by the Ayurvedic hospital, while outpatient medicine sales and specified room rents remain taxable.

Ayurvedic Healthcare Services to Inpatients Entitled for GST Exemption: AAR Kerala

News

The investigation revealed that the accused established shell companies, which only existed on paper, and generated fake invoices worth Rs 50 crore.

Delhi Police Uncovers GST Fraud Worth Rs 50 Crore Involving Fake Medicine Racket; Six Arrested

Delhi Police busted a Rs 50 crore interstate racket involving counterfeit medicines and fake GST firms, arresting six accused and seizing over 1.2 lakh fake tablets and capsules.

Delhi Police Exposes Rs 50 Crore Fake Medicine Racket; Six Arrested in Interstate Scam

As per Tamil Nadu AAR, supplying medicines and consumables along with providing health care services to in-patients would be treated as a composite supply.

Supply of Medicines and Consumables with Healthcare Services is Composite Supply: AAR

As per the Maharashtra AAR, the supply of medicines, lab tests, bed charges, food, etc. to in-patients constitutes a composite supply, where healthcare service is the principal supply.

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ITAT Lowers Estimated Profit Rate from 8% to 4% After Considering State Shutdown and Medicine Trade Margins

Ayurvedic Healthcare Services to Inpatients Entitled for GST Exemption: AAR Kerala

Delhi Police Uncovers GST Fraud Worth Rs 50 Crore Involving Fake Medicine Racket; Six Arrested

Delhi Police Exposes Rs 50 Crore Fake Medicine Racket; Six Arrested in Interstate Scam

Supply of Medicines and Consumables with Healthcare Services is Composite Supply: AAR

In-Patient Healthcare Services Including Medicines and Room Charges Treated as Composite Supply: AAR