The Haryana Appellate Authority of Advance Ruling or AAAR last week held that a goods and services tax rate of 18% is applicable on pizza toppings. The ruling should have no specific bearing on the classification and consequent tax rate for pizza supplied by restaurants, Prashanth Agarwal, partner at PwC India, said. “The judgment is specifically on GST rate of pizza toppings and it shouldn’t impact the GST rate applicable on supply of pizzas by restaurants,” Agarwal added.
Source: bloombergquint.com
Latest Posts in "India"
- Insurance Brokers Push for Zero-Rated GST to Restore Input Tax Credit and Prevent Premium Hikes
- Delhi High Court: ITC Re-credit Cannot Be Denied Due to GST Portal Technical Limitations
- Key GST and Customs Legal Updates: E-Filing, ITC, Refunds, and Recent High Court Judgments
- CBIC to Slash Customs Clearance Time to 1-48 Hours with New Integrated Digital System
- GSTAT E-Filing: Staggered Appeal Timelines and Limitation Rules Under Section 112 Simplified
