Contradictory rulings put pharma, FMCG companies in a fix over tax credit for lost goods

Madras HC in a recent case ruled that input tax credit availed by a company or a manufacturer need not be reversed in case of a loss incurred during the manufacturing process amid Covid-19.Madras HC in a recent case ruled that input tax credit availed by a company or a manufacturer need not be reversed in case of a loss incurred during the manufacturing process amid Covid-19.Read More