Beauty and Make-Up Preparations- Classification can turn Ugly

Beauty and Make-Up Preparations- Classification can turn Ugly

“A rose by any other name smells just as sweet”. Unfortunately, this doesn’t apply in the sphere of indirect taxation, where the applicable rate of tax depends on its classification. Under the Indirect Tax regimes prevalent across the globe including India, the classification of various items which are the subject matter of tax, be it goods or services, is an essential and integral part of the whole levy and collection mechanism.

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