The AAR, Karnataka in the matter of M/s KNK Karts (P) Ltd [Advance Ruling No. KAR ADRG 20/2022 dated August 12, 2022] has held that the amusement park ride karts (“the Product”) cannot be classified as Motor Vehicle and will attract GST @ 18% under HSN 9503 of the Customs Tariff Act, 1975 (“the Customs Tariff Act”).
Source: a2ztaxcorp.com
Latest Posts in "India"
- L’Oreal India Distributor Found Guilty of Not Passing GST Rate-Cut Benefits to Consumers
- States Worry Over Revenue Losses Amid GST Rate Rationalisation Proposal by Centre
- Madras HC Advocate Accuses Flipkart of Exploiting GST Loopholes, Urges Government Action
- India’s GST Evolution: From 2017 Launch to 2025 Reforms and Future Prospects
- US imposes additional tariffs on India for buying oil from Russia
