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This Trade Circular outlines amendments to the taxation of medicines under the Maharashtra Value Added Tax Act, 2002, effective from May 1, 2005. It introduces new entries for the classification of medicines and clarifies tax implications for bulk supplies, free samples, and inter-State sales. The circular also addresses concerns regarding the Maximum Retail Price (MRP) and the treatment of non-DPCO medicines in relation to VAT.

Author

Manoj Kumar

Language

EN