Tax exemption scope expanded for duty credit scrips and supplies by government entities against grants. The notification inserts Duty Credit Scrips into the tax-free Schedule and treats supply of goods by a Government Entity to governments or specified persons, when consideration is received in the form of grants, as tax-exempt. It defines Government Entity as a legislative or government-established authority, board or body with ninety percent or more equity or control performing entrusted government functions. ANNEXURE I is amended to require a brand-owner who is distinct from the packer to file an affidavit surrendering actionable claims on the brand and authorising the packer to print a specified statement on unit containers in English and the local language.
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.
Tax exemption scope expanded for duty credit scrips and supplies by government entities against grants.
The notification inserts Duty Credit Scrips into the tax-free Schedule and treats supply of goods by a Government Entity to governments or specified persons, when consideration is received in the form of grants, as tax-exempt. It defines Government Entity as a legislative or government-established authority, board or body with ninety percent or more equity or control performing entrusted government functions. ANNEXURE I is amended to require a brand-owner who is distinct from the packer to file an affidavit surrendering actionable claims on the brand and authorising the packer to print a specified statement on unit containers in English and the local language.
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