An explanation has been inserted at S. no. 86 in the Goods exemption notification to clarify that, “Seeds, fruit and spores, of a kind used for sowing” only shall be exempted and it does not cover seeds meant for any use other than sowing.
Source: a2ztaxcorp.com
Latest Posts in "India"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries