In a significant move to tighten GST compliance and prevent revenue leakage, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 09/2024-Central Tax (Rate), dated October 8, 2024. This notification mandates that the servi...
Numerous FMCG companies in November last year, which were making chips and Namkeens by the “extruded” method were requested to file 18%GST, rather than 12%and obtained tax notices to file the pending amount by March 31, 2024. Extrusion is a food processing technique used to create “puffed...
(a) consisting, by volume, of 80% motor spirit (commonly known as petrol), on which the appropriate duties of excise have been paid and, of 20% ethanol on which the appropriate Central tax, State tax, Union territory tax or Integrated tax, as the case may be, have been paid...