IGST amendments: new exemptions and definitions permit duty credit scrips and grant-funded government supplies with brand-packaging affidavit rule. The notification amends the IGST rate Schedule by inserting an entry for Duty Credit Scrips and an exemption for supplies by a Government Entity to government or specified persons against grant consideration; it defines Government Entity as an entity with at least ninety percent government participation to carry out entrusted functions, and adds a proviso requiring a brand owner affidavit authorising packers to print on unit containers when ownership and packing are by different persons.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
IGST amendments: new exemptions and definitions permit duty credit scrips and grant-funded government supplies with brand-packaging affidavit rule.
The notification amends the IGST rate Schedule by inserting an entry for Duty Credit Scrips and an exemption for supplies by a Government Entity to government or specified persons against grant consideration; it defines Government Entity as an entity with at least ninety percent government participation to carry out entrusted functions, and adds a proviso requiring a brand owner affidavit authorising packers to print on unit containers when ownership and packing are by different persons.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
