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Brand name classification limits GST exemptions for unit-packaged goods and sets conditions for voluntary forfeiture disclosure. The notification amends Schedule entries to restrict exemptions for unit-packaged goods, treating as non-exempt those that bear a registered brand name or bear a brand name on which an actionable claim or enforceable right in a court of law is available, while allowing exemption where such rights are voluntarily foregone subject to affidavit filing with the State tax commissioner and mandatory on-container disclosure as set out in the annexure.
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Brand name classification limits GST exemptions for unit-packaged goods and sets conditions for voluntary forfeiture disclosure.
The notification amends Schedule entries to restrict exemptions for unit-packaged goods, treating as non-exempt those that bear a registered brand name or bear a brand name on which an actionable claim or enforceable right in a court of law is available, while allowing exemption where such rights are voluntarily foregone subject to affidavit filing with the State tax commissioner and mandatory on-container disclosure as set out in the annexure.
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