KitKat is a biscuit and Parachute Coconut oil is edible! That's the new topic for GST debate
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In the case of
Just like KitKat is a biscuit, vicks is a medicine, Parachute coconut oil is edible oil. The ambiguity is lot of our everyday necessities is making it difficult for the government to fix the tax.
"In the past, several tax officers had challenged some of the product categorisations, including those in the retail segment, but lost out in court or at appellate level," one of the persons in the know told
"The GST rates for each and every item are not yet decided as the government is categorising products and what rates can be applied on each category of goods," MS
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