https://www.taxtmi.com/article/detailed?id=11021 A set of GST circulars clarifies tariff classification, applicable GST and compensation cess rates, exemptions and valuation: Rab is classifiable under heading 1702 at 18%; by products of dal/pulses are exempt and regularized; carbonated fruit beverages are under HS 220299 with high GST and compensation cess; extruded snack pellets fall under tariff item 19059030 at 18%; SUV compensation cess applies only where all specified physical criteria are met; importers may claim lower IGST where eligible; accommodation by military messes to non business persons is exempt as government supplied service; incentives paid by the Ministry to banks are treated as a subsidy and excluded from taxable value. en-us Tue, 24 Jan 2023 11:33:16 +0530 Tue, 24 Jan 2023 11:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11021 A set of GST circulars clarifies tariff classification, applicable GST and compensation cess rates, exemptions and valuation: Rab is classifiable under heading 1702 at 18%; by products of dal/pulses are exempt and regularized; carbonated fruit beverages are under HS 220299 with high GST and compensation cess; extruded snack pellets fall under tariff item 19059030 at 18%; SUV compensation cess applies only where all specified physical criteria are met; importers may claim lower IGST where eligible; accommodation by military messes to non business persons is exempt as government supplied service; incentives paid by the Ministry to banks are treated as a subsidy and excluded from taxable value. Articles Goods and Services Tax - GST Tue, 24 Jan 2023 11:33:16 +0530 https://www.taxtmi.com/article/detailed?id=11021