Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
Paper bags composed of paper/paperboard are classifiable under Chapter 48's packing containers heading and, absent evidence of biodegradability, do not qualify for the concessional 5% rate for "Paper Sacks/Bags and bio-degradable bags." Carton-specific entry for corrugated/non-corrugated cartons is inapplicable to bags. The product falls in the residual category of the packing-containers heading, bringing it under the cited Schedule II entry and attracting an 18% GST rate (9% CGST + 9% SGST).
Paper bags composed of paper/paperboard are classifiable under Chapter 48's packing containers heading and, absent evidence of biodegradability, do not qualify for the concessional 5% rate for "Paper Sacks/Bags and bio-degradable bags." Carton-specific entry for corrugated/non-corrugated cartons is inapplicable to bags. The product falls in the residual category of the packing-containers heading, bringing it under the cited Schedule II entry and attracting an 18% GST rate (9% CGST + 9% SGST).
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