It’s the perfect season for munching on the jaggery-based Indian confectionery — the good wholesome chikki. The flavours available suit every palate, from the simple sesame (til) chikki, the widely popular peanut chikki or the rich dry fruit chikki. But, if cocoa powder is added to make a chocolate-peanut chikki, well it gets a whole new avatar in the realm of GST — with a higher tax of 18%.
Source: a2ztaxcorp.com
Latest Posts in "India"
- Assam GST Wing Raids Five Rubber Businesses Over Fake ITC Tax Evasion
- India Reviews GST Input Tax Credit Rules for Self-Use Construction
- Centre Challenges Madras HC Ruling on Reliance Jio GST Input Tax Credit
- Indian Life Insurers Expand VNB Margins Despite GST-Related ITC Loss
- Gujarat High Court Upholds GST on Corporate Guarantees but Restricts Valuation and Retrospective Application
