- Expression ‘as is where is’ basis means status of payment of GST adopted by assessee prevails
- J.K. Papad Industries classified unfried fryums under Tariff heading 1905, attracting nil rate of GST
- CBIC clarified that snack pellets like fryums will be classified under Tariff Heading 19059030 and attract 18% GST
- Rate of GST on uncooked snack pellets reduced from 18% to 5% with effect from July 27, 2023
- Revenue authorities misinterpreted ‘as is where is’ basis, issued SCN proposing 18% GST before July 27, 2023
- Gujarat HC held that ‘as is where is’ basis means status of GST payment adopted by assessee continues to prevail
- SCN issued to company was quashed by Gujarat HC
Source: jsalaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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