One of the biggest areas of litigation plaguing the food processing industry has been the classification of goods into exempt and taxable supplies. For goods such as wheat, cereal flours, cereal groats, flour, pellets of potatoes, rice, flour of leguminous vegetables, rye, oats, maize, buckwheat, cheese, natural honey etc., the classification of goods depends on whether there is a registered brand name or a brand name with enforceable right or actionable claim associated
with the product being sold. Without a brand name with enforceable right, the GST is exempt in most cases whereas it is taxable in cases where the products possess the same.
Source Shubham Khaitan
Latest Posts in "India"
- GSTN Introduces E-Invoicing for Reverse Charge Self-Invoices on Domestic and Import Services
- GST Council recommends e-invoicing for reverse-charge purchases and imports of services
- GST Reform May Reclassify Services to Overseas Branches as Exports
- Five States Named Permanent Members of New GST Standing Committee
- Centre Sees Little Scope for Further GST Rate Discussions
