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No VAT on free supply of medicines - State Government isnít competent to levy tax on the basis of Maximum retail price or any other notional value

Value Added Tax - VAT and CST - By: - Bimal jain - Dated:- 5-12-2015 - No VAT on free supply of medicines - State Government isn t competent to levy tax on the basis of Maximum retail price or any other notional value Mapra Laboratories Pvt. Ltd. Vs. .....

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ioners were claiming an exemption in respect of free of cost supply of medicines to its dealer under a scheme, which was in the nature of quantitative or trade discount on the purchase of certain quantity of medicines. The Department had denied the e .....

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to pay in lieu of the tax payable by them, tax at the rate specified in Section 14, on the maximum retail price of such goods in the manner prescribed. Being aggrieved, the Petitioners had filed a writ petition before the Hon ble High Court of Patna. .....

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