Flavoured milk is not milk; it is in fact a drink that has milk as an ingredient, the Appellate Authority of Advance Ruling (AAAR) has said. Milk is outside the gamut of goods and services tax but flavoured milk attracts 12% tax.
Source: a2ztaxcorp.com
Latest Posts in "India"
- Eight States Demand GST Rate Cuts Be Tied to Revenue Guarantee and Consumer Benefits
- CII Urges Corporates to Transfer GST Rate Cut Benefits to Consumers Before Festive Season
- DGFT Extends Export Obligation Period, Boosting Indian Textile Exporters’ Competitiveness
- GST 2.0: New Two-Slab Tax Regime Announced, Healthcare and Essentials to Get Cheaper
- L’Oreal India Distributor Found Guilty of Not Passing GST Rate-Cut Benefits to Consumers
