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The Madras High Court ruled that the GST Council doesn’t have the authority to determine the classification of flavoured milk while providing relief to Parle Agro regarding its taxability. In a recent judgment, a single judge bench declared that flavoured milk should be subject to a 5 percent GST rate. This contrasts with the GST […]
On Tuesday, Union Minister of State for Finance, Pankaj Choudhary said that there is no plan to remove milk and milk-based products from Goods and Services Tax (GST) because the rates are decided on the recommendation of the GST Council. There is no GST levied on fresh milk and pasteurized milk, said Chaudhary. The rates […]
There will be no GST levied on fresh milk and pasteurized milk in July this year said the government. But a 5% minor GST would get applicable to the curd, lassi, buttermilk and paneer when the same would get sold in the pre-packaged and labelled form at an Ultra High-Temperature Milk. Concerning the flavoured milk, […]
On Flavoured milk, different Authorities for Advance Rulings (AARs) of different states have a clash over GST rates. While on one side, Gujarat AAR followed the ruling of Tamil Nadu, AAR, and Andhra Pradesh, AAR held the GST at the rate of 12% on flavoured milk; Contrarily, Karnataka, AAR has chosen 5 percent GST on […]
The Authority of Advance Ruling of the Telangana State has ruled that GST (Goods and Services Tax) will be applicable on Ice Cream, its allied products and milkshakes. The judgement was taken in the case of an application filed by M/s Sri Venkateswara Agencies. The applicant is a partnership firm, who are registered distributors of […]
Amidst rising criticism on the multi-slab tax levied under GST, Prime Minister Narendra Modi in a recent interview to Swarajya magazine put forth his Government’s logic on the same.
Contrasted with different businesses, the dairy segment has coordinate branches on the drain makers in India. In spite of the fact that most recent data is demonstrative that GST (Goods and Services Tax) would be connected at least 18% on all items, regardless of whether it is pertinent for all dairy items is not yet clear. It would be shocking if such a section is connected to prepared dairy items.
The Central Board of Indirect Taxes and Customs (CBIC) is planning to make a list of products that end up in litigation because of classification issues. The fitment committee seems to look into these items in which there is a minor difference in composition but the tax slabs are different, creating confusion in tax obligation, […]
Due to substandard government-operated hospitals and a shortage of doctors, healthcare has become a significant industry in India. The proliferation of numerous corporate hospitals and small nursing homes across the nation means that seeking treatment is largely a matter of personal choice and financial means. As of July 2022, hospitals have been brought under the […]
