Wednesday, July 8, 2020

Govt, industry quarrel over GST on hand sanitisers

Multiple goods and services tax (GST) rates have now become a bone of contention between hand sanitiser manufacturers and the government. Last month, the Central Economic Intelligence Bureau alerted GST authorities about manufacturers of alcohol-based hand sanitisers paying 12% GST by “wrongly classifying” them as “medicaments”, which attract an 18% levy.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/38D7sdr

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