The decision comes at a time when issues regarding revenue leakage due to the subjective nature of the term ‘branded’, were raised.
As per panel’s recommendation, the pre-packed and labelled and other items like curd, lassi, puffed rice should attract nominal GST.
“The GoM’s opinion was that the exclusion condition for such exemptions should be simplified by replacing the term ‘branded’ with the deterministic condition of being ‘pre-packaged and labelled”, source added.
Bu hikaye The Morning Standard dergisinin June 29, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Morning Standard dergisinin June 29, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
EC: 3% More Women Voted Than Men In Phase VI
THE Election Commission of India on Tuesday released the total voter turnout of 63.37% in the sixth phase of Lok Sabha polls in 58 seats in eight states and Union Territories (UTS).
It's Done. Spain, Norway, Ireland Recognise Palestine
No immediate impact seen on war; Israel lashes out alleging the decision is meant to incite genocide against Jews
Mercury Soars To Nearly 50°c In Northwest, Red Alert Issued
THE national capital saw blistering heat on Tuesday as parts of Delhi singed, with temperatures soaring close to 50 degrees Celsius, leaving people gasping for respite.
Sunak Negates Charge On Post-Poll Exit From UK
RISHI Sunak was on Tuesday forced to counter stinging criticism from a Conservative Party peer that the British prime minister was planning to "disappear" to California after damaging the party 'beyond repair', saying the UK was his home and he has no plans to relocate his family to the US after the general election on July 4.
Olympic qualifiers: Boxer Nishant in last 16
BOXER Nishant Dev was the lone bright spark from India in the 1st World Qualification Tournament earlier this year (March 3-11) in Italy. He had narrowly missed out on an Olympic quota then.
$6 TO S10K TICKETS, BOOKING STILL OPEN
With the T20 World Cup set to begin in a few days’ time, seats for many marquee clashes are yet to be sold
‘Over 20,000 techies lost jobs in silent layofts’
MORE than 20,000 employees in the IT/ITES industry have lost their jobs in 'silent' layoffs in FY24 alone, according to the All India IT & ITeS Employees' Union (AIITEU).
RBI launches app for retail G-Secs trade
THE Reserve Bank has launched a mobile app for retail customers of government bonds, a portal to apply online for various regulatory approvals and a fintech repository.
Birla's Novelis files for $945-m US IPO
Kumar Mangalam Birla's American metals firm Novelis has filed for a $945-million initial public offer, valuing the aluminium firm at $12.6 billion and fixed price band at $18-21 per share.
Link PAN with Aadhaar before May 31: Tax dept
THE Income Tax Department has recently sent out a reminder to taxpayers, emphasising the importance of linking their PAN with Aadhaar by May 31, 2024.
