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The Centre’s decision of imposing a 5 per cent Goods and Services Tax (GST) on labelled gur (jaggery) packaging weighing less than 25 kg has soured things for traders and consumers who are staring at a price rise, at a…
Companies selling branded rice, wheat flour, or atta, and pulses have started making heavier packets to avoid 5% GST on pre-packaged, pre-labelled food up to 25 kg. These packets are primarily meant for kirana stores from where consumers buy the…
New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday clarified that the decision to impose Goods and Services Tax (GST) on pre-packed food grains, including cereals and pulses, has been taken in consensus with states. In a series of tweets,…
Karnataka Chief Minister Basavaraj Bommai on Monday said he will seek the intervention of the GST Council to issue a clarification to dealers not to pass on the new GST levy on ‘pre-packaged and labelled” goods to consumers. These levies…
Finance Minister Nirmala Sitharaman on Tuesday took to Twitter to clarify the decisions taken by the GST Council in its 47th meeting. The council recommended reconsidering the approach for the imposition of GST on specified food items like pulses, cereals,…
Union Finance Minister Nirmala Sitharaman on Tuesday released a list of items that will not attract any GST, when sold loose, and not pre-packed or pre-labeled. Amid protests by opposition members over imposition of GST on some new items and…
Earlier, there was exemption from GST on Unbranded or Branded Commodities where right on the brand has been foregone which has been done away w.e.f July 18, 2022, and now GST exempted only when it is not a pre-packaged and…
Tax Research Unit of Govt of India has published an FAQs on the applicability of GST on ‘pre-packaged and labelled’ goods vide F. No. 190354/172/2022-TRU dated 17.07.2022. The changes relating to GST rate, in pursuance of recommendations made by the…
Citing high inflationary trends, the Gujarat Chamber of Commerce and Industry (GCCI) has written to Union Finance Minister Nirmala Sitharaman Friday requesting her to postpone the decision to impose five per cent Goods and Service Tax (GST) on unbranded pre-packaged…
An in-depth analysis of the recent amendment to tax “pre-packaged and labelled” commodities and its impact on Business of various demographics by Partners of Hiregange & Associates LLP – CA Ashish Chaudhary, CA Shilpi Jain & CA Ravi Kumar Somani.…