Article on Impact of GST on Brand Name in Food Processing Industries.
Dear all,
Your association SIMA is forwarding herewith an article on the Impact of GST Brand Name in Food Processing Industry by C.A - Mr Shubham Khaitan, Partner, Tax & Regulatory of S. Khaitan & Associates dated 02 July 2021.
As per the article, one of the biggest areas of litigation plaguing the food processing industry has been the classification of goods into exempt and taxable supplies. For goods such as wheat, cereal flours, cereal groats, flour, pellets of potatoes, rice, flour of leguminous vegetables, rye, oats, maize, buckwheat, cheese, natural honey etc., the classification of goods depends on whether there is a registered brand name or a brand name with enforceable right or actionable claim associated with the product being sold. Without a brand name with the enforceable right, the GST is exempt in most cases whereas it is taxable in cases where the products possess the same.
To view the Article on 'Impact of GST on Brand Name in Food Processing', PLEASE CLICK HARE.
ThankingYou,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
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