Ministry of Finance
clarifies that custom milling of paddy by Rice millers for Civil Supplies
Corporation is liable to GST and not exempted under Notification No. 12/2017 -
Central Tax (Rate), dated June 28, 2017 (Sr. no. 55) and corresponding
notifications issued under IGST/UTGST Acts; Explains that, milling of paddy is
not an intermediate production process in relation to cultivation of plants,
but a process carried out after cultivation is over and paddy harvested;
Milling of paddy into rice changes its essential characteristics, further, such
process is not usually carried out by cultivators but by rice millers;
Accordingly, such process of milling of paddy into rice cannot be considered as
intermediate production process in relation to cultivation of plants for food,
fibre or agricultural produce envisaged under the Notification; Moreover, such
activity shall be liable to GST at rate of 5% pursuant to reduction in rate on
services by way of job work in relation to all food and food products falling
under Chapter 1 to 22: Finance Ministry Circular
Subscribe to:
Post Comments (Atom)
SC holds extended period cannot be invoked if allegations are not justified in the show cause notice issued under section 74
This Tax Alert summarizes a recent judgement of the Supreme Court (SC) [1] on whether a show cause notice (SCN) under Section 74 of the ...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
THE issues before the Bench are - Whether when an expenditure is claimed to have been incurred by an assessee for promotion of his busine...
-
The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
-
"whether tds should be deducted u/s 194C for payment made to travel agent for booking of airline tickets by a company for its employee...
-
Any tax, interest, penalty, fine or any other sum payable by virtue of an order passed under the Income Tax Act as specified in the ...
-
The overall effective tax rate of a U.S. multinational corporation may have significant impact on the value of its stock. Therefore, it ...
-
This Tax Alert summarizes a recent ruling of the Karnataka High Court (HC) [1] on the constitutional validity of Health Security se Natio...
-
This Tax Alert summarizes a recent ruling of the Delhi High Court (HC) [1] on whether the newly introduced pre-deposit requirement for fi...
-
This Tax Alert summarizes a recent ruling of the Gujarat High Court (HC)1 on the taxability of corporate guarantee provided by the Petitio...
-
Recent judicial pronouncements have provided significant clarity on the rights of taxpayers and the limitations of tax authorities under I...
No comments:
Post a Comment