This document delves into the complexities of Goods and Services Tax (GST) classification for beauty and make-up products. It clarifies the distinction between cosmetics and medicaments, explaining how this impacts tax rates. The article is crucial for businesses in the beauty industry to ensure correct classification, avoid potential disputes with tax authorities, and understand the financial implications of incorrect categorisation.
This article is an attempt to throw some light and demystify the controversial issue relating to the classification of ‘cosmetics and Ayurvedic products’. #pdf