Sunday, June 04, 2017

Khadi yarn, Gandhi topi, national flag not to attract any tax under GST regime

With GST implementation due in month, Khadi yarn, Gandhi topi, India’s national flag will not attract any tax under the GST regime, while imitation jewellery, pearls and coins will carry 3 per cent levy.
Besides, the GST Council on Saturday decided to include rudraksh, wooden khadau, panchamrit, tulsi-kanthi mala, panchgavya, sacred thread and vibhuti—sold by religious institutions—in the definition of ‘puja samagri’ and maintained that these items would be exempt under the Goods and Services Tax (GST).
Also chandan tika, unbranded honey and wick for diya have been exempt under the new indirect tax regime, which is scheduled to kick off form July 1.
Source:News Nation
Disqus Comments