Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Compostable polymer bags and packing materials made from PLA and PBAT blends are classifiable as plastic articles for the conveyance or packing of goods under heading 3923 2990, rather than as paper products under Chapter 48. Eligibility for the concessional GST rate applicable to biodegradable bags depends on compliance with the separate standards for biodegradable plastics, including IS 17899 T:2022 and the required CPCB certification. Certification as compostable under IS/ISO 17088 does not establish that the goods are biodegradable, particularly because the biodegradable-plastics standard excludes compostable plastics within that regime. Such compostable bags are therefore outside the concessional entry for paper sacks, bags and biodegradable bags.
Compostable polymer bags and packing materials made from PLA and PBAT blends are classifiable as plastic articles for the conveyance or packing of goods under heading 3923 2990, rather than as paper products under Chapter 48. Eligibility for the concessional GST rate applicable to biodegradable bags depends on compliance with the separate standards for biodegradable plastics, including IS 17899 T:2022 and the required CPCB certification. Certification as compostable under IS/ISO 17088 does not establish that the goods are biodegradable, particularly because the biodegradable-plastics standard excludes compostable plastics within that regime. Such compostable bags are therefore outside the concessional entry for paper sacks, bags and biodegradable bags.
Note: It is a system-generated summary and is for quick reference only.
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