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Ice cream companies have doubled down on their efforts to reduce GST rate by approaching the President, who has duly forwarded their representation to the Finance Ministry. Subsequently, they have key Finance Ministry officials with a plea for lowering the tax.
Karnataka’s Authority for Advance Rulings (KAAR) has held that wooden ice-cream sticks and spoons are tableware made of wood. Accordingly, these will attract Goods & Services Tax (GST) at the rate of 12 per cent. Read more at : business…
Certain circulars have been issued by CBIC today on 03.08.2022 clarifying certain matters, some of which were discussed in the 47th GST Council Meeting held in Chandigarh. A brief summary of them all is as follows: A. Circular No. 177/09/2022-TRU:…
Ice-cream parlours can breathe easy as the Finance Ministry has said that 18 per cent GST not to be effective retrospectively. It also said that fees for entrance exams, issuance of migration certificates etc and charges for preferred location of…