AO Misclassified Asafoetida as Packed Masala for Higher Tax; Clarified to Be Taxed at 4% as Unmixed Spice.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Classification - VAT - AO was of the view that in so far as Asafoetida (Hing) is concerned, the tax of 4% only was being paid but the AO was of the view that it falls in the category of Packed Masala and once it is a Packed Masala, it falls in the entry where levy of tax is @16% - When spices are not mixed, it remains Asafoetida (Hing) only and no new product emerges - to be levied @4% - HC....