Business upkeep expenses despite no revenue, director's interest-free advances, and property gift additions-disallowances and notional interest delete...
Insolvency resolution plan's loan assignment between approving and dissenting creditors: post-approval redistribution blocked; original distribution e...
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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