New Delhi, July 13 -- Laghu Udyog Bharti's (LUB)—Pharma Committee have alleged that Department of Goods and Services classifying alcohol-based hand sanitizers as 'disinfectants' to extract 18 per cent Goods and Services Tax (GST) from the present 12 per cent.
Alcohol based hand sanitizers have always been classified as Medicinal Preparation being manufactured under drug license obtained under the Drug and Cosmetics Act 1940. After the introduction of GST in the country, the industries manufacturing this product under the Drug License began to pay GST at 12 per cent as alcohol-based hand sanitizers are classified as Medicaments under heading 3004 of the HSN classification.
''However, it is unfortunate that the Department of Goods a...