Contradictory rulings put pharma, FMCG firms in a repair over tax credit score for misplaced items

Contradictory rulings by the Madras High Court and an Authority for Advance Ruling (AAR) have created confusion over enter tax credit in instances the place the ultimate product couldn’t be offered out there as a consequence of loss or harm amid the pandemic, specialists stated. The Madras Excessive Courtroom in a latest case dominated that … Read more